RESEARCH TREND ON COST ANALYSIS IN BUILDING CONSTRUCTION
DOI:
https://doi.org/10.35631/IJIREV.824013Keywords:
Building Construction, Cost Analysis, Digital, Lifecycle, ManagerialAbstract
The study titled “Cost Analysis in Building Construction: Life-Cycle, Digital, and Managerial Perspective” presents a systematic literature review aimed at synthesizing current research trends, analytical methods, and cost management strategies in the construction sector. The construction industry faces ongoing challenges in achieving cost efficiency while balancing sustainability, digital transformation, and managerial optimization. Despite the growing volume of research, a comprehensive synthesis that integrates these perspectives remains limited. To address this gap, the review applied the PRISMA protocol to ensure transparency and rigor in the selection process. Searches were conducted across two major databases, Scopus and Web of Science, yielding 36 primary studies that met the inclusion criteria. The selected articles were analyzed and categorized into three dominant themes: (1) Life-Cycle Costing & Environmental Performance, focusing on the integration of life-cycle assessment and cost modeling to evaluate sustainability and long-term financial feasibility; (2) Cost Estimation, Optimization & Digital Analytical Methods, emphasizing the application of digital tools such as Building Information Modeling (BIM), machine learning, and optimization algorithms for accurate cost prediction and project efficiency; and (3) Construction Management, Procurement, Renovation & Site Prefabrication Economics, addressing the influence of managerial frameworks, procurement policies, and prefabrication systems on project cost performance. The synthesis of findings indicates a clear transition toward data- driven, environmentally conscious, and policy-aligned cost analysis frameworks in modern construction. The study concludes that integrating life-cycle perspectives, digital analytics, and management innovation is essential to achieving cost-effective and sustainable outcomes in the building industry. The review contributes a structured understanding of emerging methodologies and provides valuable insights for researchers and practitioners seeking to enhance cost analysis practices across diverse construction contexts.
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