Strategies to enhance quality data input requirements of life cycle cost (LCC)
Commentators pointed out that one of the major hurdles of implementing LCC analysis in the Malaysian construction industry is lack of current and reliable data. In addition, most of LCC researchers and estimators in the Malaysian construction industry considerably focused on the LCC conversion pr...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/37734/ http://irep.iium.edu.my/37734/1/ICABE_2013-MOHD_FAIRULLAZI-Academia.pdf http://irep.iium.edu.my/37734/4/ICABE2013_Program_Details.pdf |
| Summary: | Commentators pointed out that one of the major hurdles of implementing LCC analysis in the
Malaysian construction industry is lack of current and reliable data. In addition, most of LCC
researchers and estimators in the Malaysian construction industry considerably focused on the LCC
conversion process but very little emphasis is given on the availability, accessibility, currency and
reliability of data as inputs into the process of producing reliable LCC outputs. This paper reports part
of a three-year programme of research to enhance quality of LCC outputs through the enhancement of
quality data input requirements. The objective of this paper is to present on the development,
evaluation and validation of the most appropriate strategies to improve the availability, accessibility,
currency and reliability of data as inputs into the process of producing reliable LCC analysis in the
Malaysian construction industry. Looking at the results of the most appropriate strategies which have
been prioritized, there is an overwhelming requirement for a clear procedure or comprehensive
guideline to be prepared on the acquisition of cost data inputs to enhance quality data input
requirements of LCC. This clear procedure can be best translated in the form of model, framework or
protocol to be developed so that a step by step methodological approach can be exacted to make the
data available, accessible, current and reliable in facilitating the clients, estimators and researchers to
better calculate LCC leading to better outputs. |
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