Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects

Cost overruns are common in construction projects and Onshore Fabrication Oil and Gas projects in Malaysia are not an exception. The paper presents the strategies in controlling the cost in resource allocation management implemented at Procurement Phase. The data gathered from previous researchers&#...

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Published in:IOP Conference Series: Earth and Environmental Science
Main Author: Mohd Roshdi F.R.; Ismail K.; Lop N.S.; Ab Wahab L.
Format: Conference paper
Language:English
Published: IOP Publishing Ltd 2021
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85120467338&doi=10.1088%2f1755-1315%2f881%2f1%2f012021&partnerID=40&md5=56de78d565060f414f3510528b2df43c
id 2-s2.0-85120467338
spelling 2-s2.0-85120467338
Mohd Roshdi F.R.; Ismail K.; Lop N.S.; Ab Wahab L.
Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
2021
IOP Conference Series: Earth and Environmental Science
881
1
10.1088/1755-1315/881/1/012021
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85120467338&doi=10.1088%2f1755-1315%2f881%2f1%2f012021&partnerID=40&md5=56de78d565060f414f3510528b2df43c
Cost overruns are common in construction projects and Onshore Fabrication Oil and Gas projects in Malaysia are not an exception. The paper presents the strategies in controlling the cost in resource allocation management implemented at Procurement Phase. The data gathered from previous researchers' studies and literature reviews. The study revealed the primary relative importance in the conceptual framework; theory underpinned, procurement phase, activities identification, cost element attributes and resource-based cost allocation towards business profit. Hence, the procurement phase should establish effective project planning, management, and monitoring to improve project performance to control costs in resource allocation for onshore oil and gas fabrication projects. © Published under licence by IOP Publishing Ltd.
IOP Publishing Ltd
17551307
English
Conference paper
All Open Access; Gold Open Access
author Mohd Roshdi F.R.; Ismail K.; Lop N.S.; Ab Wahab L.
spellingShingle Mohd Roshdi F.R.; Ismail K.; Lop N.S.; Ab Wahab L.
Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
author_facet Mohd Roshdi F.R.; Ismail K.; Lop N.S.; Ab Wahab L.
author_sort Mohd Roshdi F.R.; Ismail K.; Lop N.S.; Ab Wahab L.
title Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
title_short Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
title_full Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
title_fullStr Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
title_full_unstemmed Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
title_sort Conceptual framework of resource-based cost allocation at procurement phase for onshore fabrication oil and gas projects
publishDate 2021
container_title IOP Conference Series: Earth and Environmental Science
container_volume 881
container_issue 1
doi_str_mv 10.1088/1755-1315/881/1/012021
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85120467338&doi=10.1088%2f1755-1315%2f881%2f1%2f012021&partnerID=40&md5=56de78d565060f414f3510528b2df43c
description Cost overruns are common in construction projects and Onshore Fabrication Oil and Gas projects in Malaysia are not an exception. The paper presents the strategies in controlling the cost in resource allocation management implemented at Procurement Phase. The data gathered from previous researchers' studies and literature reviews. The study revealed the primary relative importance in the conceptual framework; theory underpinned, procurement phase, activities identification, cost element attributes and resource-based cost allocation towards business profit. Hence, the procurement phase should establish effective project planning, management, and monitoring to improve project performance to control costs in resource allocation for onshore oil and gas fabrication projects. © Published under licence by IOP Publishing Ltd.
publisher IOP Publishing Ltd
issn 17551307
language English
format Conference paper
accesstype All Open Access; Gold Open Access
record_format scopus
collection Scopus
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