Author : Shrivas Abhishek 1
Date of Publication :19th July 2017
Abstract: The construction industry is of great significance to the economy of India. The Construction sector in India is the sixth largest economic activity in India and provides employment to a large group of people. However, it is infamous for projects overrunning time and cost. A large number of researches have been conducted to define causes of time and cost overrun in completing construction projects. A study on time and cost overrun of different types of Marine construction projects in India was conducted to determine the causes of overrun and their importance according to each of the project participant’s experience level, i.e., below 5 years, 5-10 years and above 10 years. The field survey conducted included 37 respondents of less than 5 years’ experience, 44 respondents of 5-10 years’ experience and 39 respondents of more than 10 years’ experience. The researcher identified 3 groups of factors causing overrun and in each group 6 factors were placed according to their nature, totaling to 18 factors of time and cost overrun. Data were gathered through a survey, analyzed by using Relative importance index, taking in view different experience levels
- Sadi A. Assaf , Sadiq Al-Hejji. “Causes of delay in large construction projects” International Journal of Project Management 24 (2006) 349–357
- Msafiri Atibu Seboru. “An Investigation into Factors Causing Delays in Road Construction Projects in Kenya”. American Journal of Civil Engineering. Vol. 3, No. 3, 2015, pp. 51-63. doi: 10.11648/j.ajce.20150303.11
- Ram Singh, “Delays and Cost Overruns in Infrastructure Projects: Extent, Causes and Remedies”, Economic and Political Weekly, Vol.21. May 22, 2010, PP 43-54.
- Chitkara, K.K. (2011), “Construction Project Management - Planning, Scheduling and Controlling”, 2nd Edition, Tata McGraw Hills.
- Lee, Jin-Kyung. (2008), “Cost Overrun and Cause in Korean Social Overhead Capital Projects: Roads, Rails, Airports, and Ports”, Journal of Urban Planning and Development, Vol. 134, No. 2, 59-62.
- Apolot, Ruth. Alinaitwe, Henry. & Tindiwensi, Dan. 2012) , “An Investigation into the Causes of Delay and Cost Overrun in Uganda‟s Public Sector Construction Projects”, Second International Conference on Advances in Engineering and Technology.
- Kasimu, M. A. (2012), “Significant Factors that Causes Cost Overruns in Building Construction Project in Nigeria”, Interdisciplinary Journal of Contemporary Research in Business, Vol. 3, No. 11, 775-700.
- Doloi, Hemanta. (2012), “Cost overruns and failure in project management - understanding the roles of key stakeholders in construction projects”, Journal of Construction Engineering and Management, www.ascelibrary.org, doi:10.1061/(ASCE)CO.1943- 7862.0000621.