Abstract:
This study sought to determine the
influence of project cost planning on the
performance of housing projects in Kenya.
This study adopted a descriptive research
design. The target population was 675
building construction stakeholders; Project
Managers,
Engineers,
Architects,
contractors, and site supervisors drawn
from 135 housing projects within Nairobi
Metropolitan. The study made use of
primary and secondary data. Structured
questionnaires and Interviews were used to
collect both quantitative and qualitative
data. Pilot testing was done to test the
validity and reliability of the research
instrument. The Data was analyzed using
the Statistical Package for Social Sciences
(SPSS); descriptive statistics mainly
percentages, frequencies, means & standard
deviations and inferential statistics mainly
the regression analysis. The descriptive
results showed that project cost planning
INTRODUCTION
influenced the performance of housing
projects in Kenya. The study concluded
that, project cost planning is important in
the performance of housing projects in
Kenya. This is because cost planning allows
accurate budget estimation, informed
decision
making,
efficient
resource
allocation, cost control, risk management,
and effective stakeholder management. By
having a well-planned cost structure,
construction of housing projects can be
executed within budget, avoid financial
risks, and achieve desired outcomes. The
study recommended that Policy on cost
management should be adopted which
encourages the use of standardized cost
management tools and require regular cost
reporting to monitor and manage project
expenditures. These guidelines are for
effective cost estimation, budgeting, and
control for housing projects.
Key words: Project Cost planning,
Housing projects, Performance
