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
Related Articles
- EP ID EP24498
- DOI -
- Views 338
- Downloads 10
Intrusion Detection System by using K-Means Clustering, C 4.5, FNN, SVM Classifier
Security of Information is one of the keystones of Information Society. Past few year, many attacks are increased, intrusion detection system(IDS) is important component and to protect the network. In present-days, many...
CFD Analysis of Static Characteristics of Hydrodynamic Journal Bearing With Textured Bearing Surface
Performance of a Journal bearing depends on two aspects. First one is the improvement of inherent properties of lubricant by rigorous research. Second one is the improvement of bearing performance by doing some research...
Power Quality Improvement By Svc Using PIC18F4
Power quality improvement for non linear loads is the point of interest for researchers in recent years. Power factor plays an effective role in efficiency of electrical system. In power system the voltage level at diff...
Structural and Thermal Analysis on Hot Runner Nozzle by FEA
Hot-runner systems can provide an array of benefits, including reduced material use, faster cycles, and overall better part quality. Hot runner system is an assembly of heated components used in plastic injection molds...
Spatiotemporal Traffic Prediction using Semantic Traffic Analytics and Reasoning(STAR) With Big Data Environment
In Urban Mobility Report, delays due to heavy traffic costing Americans $78 billion in the form of 4.2 billion lost hours and 2.9 billion gallons of wasted fuel. In addition, 2/3 of traffic delays are caused not by recu...