Cost, Time, and Performance Integration in Construction Management: Lessons from High-Budget International Projects
Abstract
High-budget international construction projects operate in environments characterized by scale, geographic dispersion, regulatory diversity, and heightened stakeholder expectations. In such projects, cost overruns, schedule delays, and performance shortfalls frequently occur despite the application of established project control techniques. A key reason for these outcomes lies in the fragmented management of cost, time, and performance as separate control domains rather than as interdependent elements of a unified management system. This paper argues that effective delivery of high-budget international construction projects requires an integrated construction management approach that recognizes the dynamic interrelationships between cost, time, and performance. Moving beyond traditional interpretations of the “triple constraint,” the study conceptualizes these dimensions as mutually reinforcing variables shaped by managerial decisions, governance structures, and risk management practices. Drawing on lessons derived from high-budget international projects, the paper examines how fragmentation in cost control, scheduling, and performance monitoring leads to unintended trade-offs and reactive decision-making. It highlights the role of construction management leadership in aligning financial discipline, schedule reliability, and performance objectives through integrated decision-making frameworks. The paper proposes an integrated construction management framework that embeds cost, time, and performance considerations into lifecycle-oriented planning, governance, and risk-based decision-making. By emphasizing integration rather than optimization of individual constraints, the framework supports improved resilience, transparency, and performance outcomes in complex international construction environments. This study contributes to construction management literature by advancing a management-centered perspective on integration and by offering practical insights for construction managers and executives responsible for high-budget international projects.
Keywords
Cost–Time–Performance Integration, International Construction Projects, Integrated Construction Management, High-Budget Project Governance, Project Performance Management
Citations
IRE Journals:
Furkan Demircioglu "Cost, Time, and Performance Integration in Construction Management: Lessons from High-Budget International Projects" Iconic Research And Engineering Journals Volume 8 Issue 6 2024 Page 1184-1197 https://doi.org/10.64388/IREV8I6-1713648
IEEE:
Furkan Demircioglu
"Cost, Time, and Performance Integration in Construction Management: Lessons from High-Budget International Projects" Iconic Research And Engineering Journals, 8(6) https://doi.org/10.64388/IREV8I6-1713648
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