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2.3.2. Project Development Focus DEVFOC
2.3.2.1. Relevant Issues for DEVFOC
It can be speculated that because of the magnitude of the economic downturn, a steady rise will happen during the next period of time. The construction industry is
inevitably linked to the cyclical economic development of any country worldwide Alley, 2004. A longstanding increase of the UK economy between the 1990s and 2005 is good
evidence of development focus on the construction sector, instead of other sectors General UK statistics, 2007. After the global crisis affected the UK construction industry in 2008
and early 2009, a gradual improvement of the economy and a development of employment were recovered by the end of 2010, and mostly through the construction sector refer to the
ONS – Office for National Statistic, 2010. The development in the construction sector
may represent a successful strategy for crisis recovery Mussa, 2010. The UK National Infrastructure 2011 has invested for the expenditure in infrastructure developments to
boost the UK‟s global competitiveness of economy through the construction sector Osborn and Sassoon, 2011. Construction projects would appear to be becoming more
expensive and more complex related to global construction dynamics that require knowledgeable and experienced human resources, investments and technologies. These
could increase unavoidably the importance of project overheads. Construction dynamics may challenge project cost managers for dealing with their roles thoroughly for managing
and controlling project overheads in practice effectively.
2.3.2.2. Potential Challenges for DEVFOC
The development focus on new projects is suggested as a good policy in the construction sector, rather than restoration of artefact buildings. It is often more attractive
to develop new commercial projects e.g., shopping malls, hotels, and resorts with public facilities e.g., hospitals, universities, and car park buildings, and new industrial projects
for commercial products e.g., petroleum, petrochemical, automobile, synthetic-fuel plants, etc.. These sectors may attract economic development activities, e.g., in the UK
construction industry, new project developments involve 300,000 construction companies,
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11 and 3 million people, more than 40 per cent of which are skilled labourers Wates and
Cridland, 2009. A new project with various activities requires lots of resources, e.g., human,
money, materials, and machines Lock, 2004; and Walker, 2007, including a significant portion of project overheads Ostwald, 2001; and Enshassi, et al., 2008, and project
overheads are extremely important to maintain construction processes Assaf et al., 2001. This is a potential challenge and also an opportunity at the same time, which should be
manipulated properly to contribute considerable benefits in project practice during construction operations through effective management and controlling practices of project
cost.
2.3.2.3. A Group of Important CSFs for DEVFOC
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