Exploring the Factors Affecting the Elemental Cost Estimation with Relationship Analysis Using AHP

Abstract

Cost estimation is considered one of the important tasks in the construction projects management. The precise estimation of the construction cost affect on the success and quality of a construction project. Elemental estimation is considered a very important stage to the project team because it represents one of the key project elements. It helps in formulating the basis to strategies and execution plans for construction and engineering. Elemental estimation, which in the early stage, estimates the construction costs depending on . minimum details of the project so that it gives an indication for the initial design stage of a project. This paper studies the factors that affect the elemental cost estimation as well as the relation between these factors using Analytic Hierarchy Process (AHP) method. Final conclusions and recommendations were extracted for better elemental estimation accuracy in project management.