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Original research PROJECT MONITORING AND CONTROL: A COST-BENEFIT ANALYSIS OF TRADITIONAL AND SMART TECHNOLOGY PRACTICESPages 423-430
Yishin Mae M. Samson,
Ceejay L. Fajardo,
Kurt Paul M. Gopez,
Trixia Lucading,
Abstract
Construction firms in developing regions such as the Philippines continue to rely on labor-intensive, paper-based project monitoring and control (PMC) methods, resulting in cost overruns, scheduling inaccuracies, and delayed decision-making. This study evaluates the economic feasibility of transitioning from Traditional PMC (T-PMC) to Smart Technology PMC (S-PMC) in the province of Bataan, Philippines, a context for which localized empirical evidence remains scarce. Using a quantitative design with purposive sampling, survey data were collected from 30 construction professionals to establish a T-PMC cost baseline. A Cost-Benefit Analysis (CBA) framework was then applied, incorporating internationally validated S-PMC reduction factors and locally sourced vendor cost data. Key financial metrics — Net Present Value (NPV), Benefit-Cost Ratio (BCR), and Return on Investment (ROI) — were computed over a five-year horizon using a 10% Social Discount Rate (SDR), anchored to a representative Php 150 million infrastructure project. Results indicate that S-PMC yields an NPV of Php 23,934,420, a BCR of 4.40, and an ROI of 340%, driven primarily by a 60% reduction in daily operational costs and significant savings from reduced rework and material waste. Sensitivity analysis confirmed financial viability even under conservative assumptions, yielding a minimum ROI of 115.1%. Survey findings further revealed a significant readiness gap: local professionals reported only slight awareness of advanced monitoring tools, and technology awareness was found to differ significantly across PMC adoption groups (χ²(2) = 6.80, p = .033). These findings confirm that, despite higher initial capital expenditure, investing in S-PMC delivers substantial long-term financial returns. The study recommends phased adoption beginning with BIM and digital project management software, supported by targeted training and government-backed digital infrastructure programs.
Keywords:
Steel Building, pre-engineered building, aircraft hangar, IS code 800-2007,air bus A-380.
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John Denver D. Catapang, 
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