Owner's design and cost management of a township development project : a case study of the IZM project | |
| Author | Vo Viet Dung |
| Call Number | AIT Proj. no.MPM-CM-24-09 |
| Subject(s) | Real Estate development--Finance--Management--Vietnam--Case studies Cost accounting--Vietnam--Case studies |
| Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Construction Engineering and Infrastructure Management |
| Publisher | Asian Institute of Technology |
| Abstract | The motivation for this study stems from the challenges of integrating design and cost management in large-scale township developments. These projects require balancing architectural vision, financial constraints, and regulatory compliance, creating complex management scenarios. A crucial aspect is defining the Scope of Work through a Work Breakdown Structure to determine and control Development Cost, ensuring transparency and effective project management. The primary objective is to explore theoretical and practical aspects of project development, focusing on the integration of design and cost management. The study analyzes how owners manage these components, identifies strengths and weaknesses, and provides actionable recommendations. It also aims to develop a framework that aligns design and cost processes, from land acquisition to project completion and handover. Using a case study approach, the IZM Township project in its development phase serves as the primary reference. Data collection involved stakeholder interviews and document analysis, providing valuable insights into the complexities of managing township development. The study concludes that early planning, a structured framework, clear procedures, modular design elements, and continuous cost monitoring are essential for success. It also highlights the need for flexible budgeting systems and streamlined approval processes, leveraging real-time collaboration tools. These strategies are vital for achieving financial stability, maintaining design quality, ensuring regulatory compliance, and promoting sustainable urban development. |
| Year | 2024 |
| Type | Project |
| School | School of Engineering and Technology |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
| Chairperson(s) | Hadikusumo, Bonaventura H. W. |
| Examination Committee(s) | Sakul Pochanart;Wasan Teerajetgul |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2024 |