Construction Project Management and Cost Management in Libya

الملخص

The construction industry in Libya is a critical driver of the country's economic development, but it faces significant challenges due to political instability, economic volatility, and inadequate project and cost management practices. This article explores the current state of construction project management and cost management in Libya, using case studies of prominent projects to highlight the key issues and inefficiencies. The findings indicate that poor risk management, lack of skilled labor, and inconsistent government policies contribute to frequent delays and cost overruns. The article emphasizes the need for the adoption of internationally recognized project management frameworks such as the Project Management Body of Knowledge (PMBOK), Building Information Modeling (BIM), and Lean Construction to improve project outcomes. Additionally, strategies for cost optimization, such as Earned Value Management (EVM) and value engineering, are discussed. The article also stresses the importance of government involvement in shaping the regulatory environment and promoting foreign investment, as well as the need for capacity-building programs to develop a skilled workforce. Future research directions include exploring the adoption of advanced technologies, the relationship between political stability and project performance, and the socio-economic impacts of construction projects on local communities.