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The Use of a Faceted Classification System for Managing Cost Information in Construction Projects

Author

Listed:
  • Micha³ Juszczyk

    (Cracow University of Technology, Faculty of Civil Engineering, Institute of Building and Transport Management)

Abstract

Effective information flow and exchange are among key factors affecting the success of a construction project in terms of time, cost and quality. Due to the intensive development and application of information technologies in the field of construction management, it is essential to define processed information unambiguously. The paper presents two concepts of classification systems – enumerative systems and faceted systems. The author introduces a short review and comparison of both systems. A concise discussion of benefits that result from the application of polyhierarchical systems in the construction cost analysis and a short calculation example are presented.

Suggested Citation

  • Micha³ Juszczyk, 2014. "The Use of a Faceted Classification System for Managing Cost Information in Construction Projects," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 90, pages 59-64, December.
    • Handle: RePEc:kra:journl:y:2014:i:90:p:59-64
    DOI: 10.14659/worej.2014.90.09
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    More about this item

    Keywords

    faceted classification system; construction cost management; construction management;
    All these keywords.

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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