1) Lack of Skilled Professionals: Implementing BIM technology for full lifecycle cost management in engineering projects demands cost management personnel who are not only well-versed in cost management principles but also proficient in BIM applications. These professionals need to be involved from the decision-making phase to develop effective management strategies and oversee cost control. However, in many regions, the expertise of cost management staff is generally limited, and their capacity for learning and adapting needs improvement. This gap makes it challenging to tackle the economic aspects of engineering projects, resulting in inaccurate cost forecasting and ineffective cost control. Additionally, when cost personnel are not engaged early in the project, they lack a comprehensive understanding and cannot coordinate efficiently with all stakeholders, leading to uncontrolled project expenses. Consequently, the shortage of qualified professionals is a significant barrier to leveraging BIM technology for full lifecycle cost management in engineering projects.
2) Disconnected Organizations: Effective application of BIM for full lifecycle cost management requires seamless collaboration among all project participants. Due to the unique nature of construction projects, each project often involves different teams who may be collaborating for the first time. This lack of prior working relationships makes it difficult to build complete trust. Furthermore, each participant represents an independent organization with distinct interests, all aiming to maximize their own benefits during the construction process. This often leads to conflicts of interest. As a result, trust issues and challenges in benefit distribution hinder sustained cooperation throughout the project lifecycle, limiting BIM’s potential in cost management.
3) Insufficient Project Information: Trust concerns cause project stakeholders to withhold information to protect their own interests. Consequently, it becomes challenging to gather comprehensive data using BIM throughout the various stages of an engineering project. This incomplete information compromises cost management efforts in later stages, negatively impacting cost control and preventing the full realization of BIM’s value in managing costs across the entire project lifecycle.
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