Factors Affecting Time and Cost Overrun in Construction Projects
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2017, Vol 5, Issue 6
Abstract
The Construction industry is one of the fast-growing industries in India and it contributes a lot on country’s economy. But the construction industry suffers from problems that affect time and cost. Successful completion of theö construction project is based on many factors among all time and cost is the most crucial factors. To manage these two things then the project would be successful. The factors that influencing time and cost overruns are identified from the literature and using these factors a questionnaire is prepared and it contains 42 factors which causing delay and cost overruns and these factors are distributed to engineers, contractors, and clients. The respondents were asked to rate the listed factors on the basis of occurrence and severity of the impact. Data received from the questionnaire was analyzed by using the statistical technique. The aim of this study is to identify the most critical factors responsible for the time and cost overrun of the construction project and suggest the remedial measures to the solution.
Authors and Affiliations
S. Uday Kiran
Keywords
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