A Comprehensive Review of Cost Overrun Factors in Construction Projects

Cost overruns are the common issue encountered in current construction developments and they often lead to cost increase strain, project overrun delays, and poor relationship between the project stakeholders. This paper discusses the major reasons behind cost overruns as well as ways of enhancing its management. The findings indicate that issues such as adjustments in design, poor planning, communication, and the unexpected environmental and financial situations often lead to project over-budgeting. To ensure the projects do not exceed their set budget and program, the study emphasizes the relevance of teamwork, transparency and timely decisions. Put together, these tactics are likely to deliver more successful, efficient and predictable project outcomes.