INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The current pursuit of an effective project management in the construction sector has led to the adoption of the most innovative technology to handle construction projects as against the conventional use of manual labours. The adoption of the use of new equipment and innovative methods has led to significant wholesale changes in construction technologies in recent decades. Many firms operating without the application of new innovation in construction methods have been faced out due to stiff competitions. Construction methods have change a great deal. The modern bricklayer is assisted with Motorized wheelbarrows and mortar mixers, sophisticated scaffolding systems, and forklift trucks; automated prototypes which are used for masonry construction already exist. Technical change is to bring new changes into the construction sector, with a strong technological base, it is essential that firms positions themselves to adapt to competition in the construction sector. Construction firms must adapt new methods to improve productivity for the future. Therefore, strategic planning is needed to bring in revolutions to improve productivity. Strategic planning discovers opportunities and assesses the potentials of the application of new construction method which new goals may be sought on the basis of existing resources.
1.2 STATEMENT OF THE PROBLEM
The determination of the effect of cost and risk management on the use of automobile method to manual method of construction is essential for effective planning, evaluation, monitoring and implementation of construction projects. The neglect of it results to great implications of possible waste of resources, financial losses, and ultimate failure of the projects. The current pursuit of an effective project management in the construction sector has led to the adoption of the most innovative technology to handle construction projects as against the conventional use of manual labours. The adoption of the use of new equipment and innovative methods has led to significant wholesale changes in construction technologies The adoption of appropriate construction methods is essential. In the face of stiff competition in the construction sector. In general, there is a comparative cost between waiting times and utilization of resources. Utilization constitutes the effective use of a particular resource. Higher amounts of resource utilization will be of great advantage as long as it does not result to undue costs on the entire operation. For example, a welding inspector might have one hundred percent utilization, but workers throughout the jobsite might be wasting inordinate time waiting for inspections. Providing additional inspectors may be cost effective, even if they are not utilized at all times. The study seeks to investigate the effect of cost and risk management on the use of automobile method to manual method of construction.
1.3 OBJECTIVES OF THE STUDY
The Main Objective of the study is to investigate the effect of cost and risk management on the use of automobile method to manual method of construction; The specific objectives include:
i. To determine the differences between automobile method and manual method of construction.
ii. To appraise the cost and risk of the use of automobile method and manual method of construction.
iii. To investigate effect of cost and risk management on the use of automobile method to manual method of construction.
1.4 RESEARCH QUESTIONS
i. What are the differences between automobile method and manual method of construction?
ii. What is the level of cost and risk of the use of automobile method and manual method of construction?
iii. What is the effect of cost and risk management on the use of automobile method as compared to manual method of construction?
1.5 STATEMENT OF THE HYPOTHESIS
The statement of the hypothesis for the study is stated in Null as follows
H01: The effect of cost and risk management on the use of automobile method of construction is low.
H1: The effect of cost and risk management on the use of automobile method of construction is not low.
1.6 SIGNIFICANCE OF THE STUDY
The increasing pace of development in the use of modern technology in the construction sector is fast replacing the use of manual labour. The firm explores the cost and risk involved and seeks to determine the effects on the output of both methods so as to facilitate the effective decision making.
1.7 SCOPE OF THE STUDY
The study focuses on the appraisal of the effect of cost and risk management on the use of automobile method as compared to manual method of construction.
1.8 LIMITATION OF THE STUDY
The study was confronted with logistics and geographical factors.
1.9 DEFINITION OF TERMS
BUILDING CONSTRUCTION DEFINED
These are the construction for residential, non-residential Commercial and institutional works.
INFRASTRUCTURE CONSTRUCTION DEFINED
This is the construction for Infrastructure known as heavy civil or heavy engineering works such as bridges, highways, railways, large public works, dams, water or wastewater and utility distribution.
INDUSTRIAL CONSTRUCTION DEFINED
Industrial construction includes refineries, process chemical, power generation, mills and manufacturing plants. There are also other ways to break the industry into sectors or markets.
