Development of zero-based budgeting approach for multinational construction contractors

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dc.contributor.authorKazar, Gökhan
dc.contributor.authorMutlu, Uğur
dc.contributor.authorTokdemir, Onur Behzat
dc.date.accessioned2024-06-13T20:18:15Z
dc.date.available2024-06-13T20:18:15Z
dc.date.issued2023
dc.departmentFakülteler, Mühendislik Fakültesi, İnşaat Mühendisliği Bölümü
dc.description.abstractPurpose Cost overruns remain a persistent problem in the construction industry. Although various cost management strategies have been implemented, innovative approaches are still required. Therefore, the authors attempted to introduce and test a new cost management strategy for the construction industry. Design/methodology/approach Zero-based budgeting (ZBB) is one such method whose effectiveness has been proven in different industries over many years. Therefore, the authors initially developed two different frameworks related to the integration of ZBB into a multinational construction contractor and the application process of ZBB for a construction project in this study. Then, the effectiveness and feasibility of the proposed frameworks are tested via an actual field study in a mega construction project. Findings The results show savings of 0.81% of the total project budget and 4.74% of the focused cost items by following the ZBB framework compared to the traditionally estimated project budget. The feedback received from the employees in the construction company shows that ZBB could be efficiently implemented during ongoing construction projects. Research limitations/implications The authors believe that implementing new cost management strategies such as ZBB will open doors to deal with the complex cost overrun issues and improve construction cost performances. Originality/value This manuscript is the first actual application of the ZBB cost management approach in the construction industry.
dc.identifier.doi10.1108/ECAM-05-2022-0408
dc.identifier.endpage5232
dc.identifier.issn0969-9988
dc.identifier.issn1365-232X
dc.identifier.issue10
dc.identifier.scopus2-s2.0-85135837697
dc.identifier.scopusqualityQ1
dc.identifier.startpage5217
dc.identifier.urihttps://doi.org/10.1108/ECAM-05-2022-0408
dc.identifier.urihttps://hdl.handle.net/11501/1283
dc.identifier.volume30
dc.identifier.wosWOS:000839900600001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorKazar, Gökhan
dc.institutionauthorid0000-0002-8616-799X
dc.language.isoen
dc.publisherEmerald Group Publishing Ltd
dc.relation.ispartofEngineering Construction and Architectural Management
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectZero-Based Budgeting
dc.subjectCost Control
dc.subjectCost Performance
dc.subjectProjects
dc.subjectDelay
dc.titleDevelopment of zero-based budgeting approach for multinational construction contractors
dc.typeArticle

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