Cost overrun is a common problem in construction projects worldwide.Most Indian construction projects,particularly those involving high-rise buildings,have had severe cost overruns.For managers,architects,engineers,an...Cost overrun is a common problem in construction projects worldwide.Most Indian construction projects,particularly those involving high-rise buildings,have had severe cost overruns.For managers,architects,engineers,and contractors,completing building projects within the specified cost budget has become the most important and hard assignment.Since it is common for high-rise building projects to go over budget,the aim of this study is to find out the causes of cost overruns and provide effective measures.The study found 70 cost overrun factors based on a comprehensive literature review and expert opinions.A Google form questionnaire was distributed to 150 construction professionals across India.After following up,101 of the 150 responses were received.A five-point Likert scale was used and the acquired data was analyzed and ranked using the Relative Importance Index(RII)technique.According to the findings of RII,the top ten critical factors influencing cost overruns were frequent change orders during construction by the owner,delay in construction,escalation of material prices,market inflation or deflation,rework,frequent changes in design,inaccurate evaluation of the project timeline,unforeseen ground condition,inaccurate quantity take-off,and delay in progressive payment by the owner.Spearman’s rank correlation test revealed that there is a very significant relationship between the rankings of factors provided by the owner,the consultant,and the contractor.In addition,a factor analysis tool in the SPSS software was also used to categorize the seventy factors into sixteen core components.The top ten critical factors were presented to subject matter experts,and their suggestions were being compiled.These results are expected to help construction professionals minimize cost overruns,improve cost control measures,and initiate future research.展开更多
The main aim of this paper is to identify the major reasons for cost overruns in construction projects in India as well as the critical success factors that are helping to avoid the cost overruns. For this, the existi...The main aim of this paper is to identify the major reasons for cost overruns in construction projects in India as well as the critical success factors that are helping to avoid the cost overruns. For this, the existing literature is reviewed and critical success factors are identified. Based on them, survey questions and interview questions are prepared. The findings supported the proposed hypothesis, i.e., lack of certain critical success factors leads to cost overruns in construction projects in India. They also confirmed the proposed proactive and reactive strategies of some researchers. The effective critical success factors include appropriate planning in the initial stages, skills of contractors and architects, good relationship and regular coordination among client and contractor, and early contribution of contractor with the project. The ideal methods that help to reduce cost overruns include efficient planning, proper management of site and supervision of the project, suitable planning and arrangement of project, proper methods for construction, regular meetings on development of the project, and hiring proficient subcontractors and suppliers.展开更多
The paper provides an empirical insight into the significance of shared cognition reflected in the perception of key actors in selected construction projects. It has explored how clients, consultants and contractors p...The paper provides an empirical insight into the significance of shared cognition reflected in the perception of key actors in selected construction projects. It has explored how clients, consultants and contractors prioritize causes of cost overrun in building projects in Tanzania and measured the statistical variance in their order of rank. A total of 55 respondents were selected from public projects that had experienced cost overruns. The results show an inclination of the top 4 causes of cost overrun being technical and originate from internal sources. The Spearman correlation coefficient established a strong positive correlation in the ranking of causes of cost overrun in construction project by clients, consultants and contractors, suggesting a shared cognition is in place for the project team. The outcome provides a good base for contemplating success of mitigation measures for cost overruns and reiterates the significance for a shared cognition for project team success.展开更多
Recently, the highway construction projects increase rapidly in Vietnam and most of them are international contracting projects. It results serious negative influence on the local government and enterprises that the c...Recently, the highway construction projects increase rapidly in Vietnam and most of them are international contracting projects. It results serious negative influence on the local government and enterprises that the common cost overrun of projects, and the risk factors of it is different in the different countries, different stages and projects types. So in this paper, we generate an evaluation index system of highway construction projects cost overrun risk in Vietnam in the perspective of different project participants, and also evaluate the effects of these factors in method of regression analysis. The empirical results confirmed 7 main factors that have aggravated cost overrun risk in construction stages, e.g. survey and design scheme risk. In final, the corresponding suggestions are proposed to reduce the project cost overrun risk.展开更多
Cost and time overrun are the key troubles of any improvement ventures. These troubles are inflicting the terrible end result in the development of kingdom monetary improvement and thriving. To overcome these problems...Cost and time overrun are the key troubles of any improvement ventures. These troubles are inflicting the terrible end result in the development of kingdom monetary improvement and thriving. To overcome these problems, the?paper examines predominant impact on elements causing the mission postponement and cost. A poll review was led for the situation study embracing various information-gathering procedures. The discoveries from the contextual investigation uncovered that the most persuasive factors in Malaysia:?1) contractor’s inappropriate arranging, 2) poor site the board, 3) deficient contractual worker experience,?are the most powerful factors. This paper has likewise broken down the normal and least effective of the postpone variables causing task deferral and cost overrun in Malaysia. It likewise infers that there are various measures as per the idea of deferring components to decrease the effect on task postponement and cost overruns in the development industry.?There are significant factors in the control of time overrun that would be actual thought related to know and tackle in great impact to improvement rate which may additionally no capacity that be recovered. Thirty (30) massive development extensions in Malaysia were exceptional coping with time overrun at some stage in development. Out of 30 undertakings, 17 (56.67%) ventures had been introduced by using 1100 days’ time overrun, 5 (16.67%) extensions in the middle of a hundred and one to 200 days, 5 (16.67%) ventures?201 to 300 days while three (10%) ventures have been deferred for timeframe over 300 days.展开更多
In this thesis,construction industries face with the major challenges are cost overruns and time delays, which have existed in most of projects, especially in developing countries. Construction projects and the enviro...In this thesis,construction industries face with the major challenges are cost overruns and time delays, which have existed in most of projects, especially in developing countries. Construction projects and the environment are increasingly complex, thus it has greater demands on project managers and cost managers that deliver processes on time. However the process of construction is limited to unforeseeable and variable factors, resulting from many sources. The aim of the report is to analyze determining factors about causing budget overrun and time delays by reviewing and identifying past cases. Furthermore, the construction process is made up of three critical phases, i.e. conception, design, construction. Generally, the majority of time delays and cost overrun happen in the period of construction, where many factors are always unforeseeable, and time delays usually associate with cost overruns. （Chan and Kumaraswamy, 1997）展开更多
Delay to large scale projects, which is as a result of actions or inactions of some project stakeholders, is becoming a global phenomena and Ghana is no exception. The objective of the research is to identify, rate an...Delay to large scale projects, which is as a result of actions or inactions of some project stakeholders, is becoming a global phenomena and Ghana is no exception. The objective of the research is to identify, rate and rank the most significant risk factors that causes delay on projects and examine the social impact of these delays to recommend modalities to help mitigate these risk factors. The study adopted quantitative methods with the distribution of 144 questionnaires to built environment professionals receiving a response rate of 75.7%. The instrument listed 58 common factors under eight categories that contribute to the causes of delay for respondents to rate. Analysis of data non-parametric test revealed that client, contractor, material and finance category factors significantly resulted in the schedule delay of large infrastructural projects. The survey analysis revealed that micro-factors that result in delays to large construction projects are time constraint, cost overrun, payment problems, dispute and litigation. The research recommended the following modalities to minimize such delays： availability of resources, improved communication and coordination, proper scope definition and feasibilities, utilization of modern technology, appropriate application of technologically based systems and competent project management＇s structures.展开更多
文摘Cost overrun is a common problem in construction projects worldwide.Most Indian construction projects,particularly those involving high-rise buildings,have had severe cost overruns.For managers,architects,engineers,and contractors,completing building projects within the specified cost budget has become the most important and hard assignment.Since it is common for high-rise building projects to go over budget,the aim of this study is to find out the causes of cost overruns and provide effective measures.The study found 70 cost overrun factors based on a comprehensive literature review and expert opinions.A Google form questionnaire was distributed to 150 construction professionals across India.After following up,101 of the 150 responses were received.A five-point Likert scale was used and the acquired data was analyzed and ranked using the Relative Importance Index(RII)technique.According to the findings of RII,the top ten critical factors influencing cost overruns were frequent change orders during construction by the owner,delay in construction,escalation of material prices,market inflation or deflation,rework,frequent changes in design,inaccurate evaluation of the project timeline,unforeseen ground condition,inaccurate quantity take-off,and delay in progressive payment by the owner.Spearman’s rank correlation test revealed that there is a very significant relationship between the rankings of factors provided by the owner,the consultant,and the contractor.In addition,a factor analysis tool in the SPSS software was also used to categorize the seventy factors into sixteen core components.The top ten critical factors were presented to subject matter experts,and their suggestions were being compiled.These results are expected to help construction professionals minimize cost overruns,improve cost control measures,and initiate future research.
文摘The main aim of this paper is to identify the major reasons for cost overruns in construction projects in India as well as the critical success factors that are helping to avoid the cost overruns. For this, the existing literature is reviewed and critical success factors are identified. Based on them, survey questions and interview questions are prepared. The findings supported the proposed hypothesis, i.e., lack of certain critical success factors leads to cost overruns in construction projects in India. They also confirmed the proposed proactive and reactive strategies of some researchers. The effective critical success factors include appropriate planning in the initial stages, skills of contractors and architects, good relationship and regular coordination among client and contractor, and early contribution of contractor with the project. The ideal methods that help to reduce cost overruns include efficient planning, proper management of site and supervision of the project, suitable planning and arrangement of project, proper methods for construction, regular meetings on development of the project, and hiring proficient subcontractors and suppliers.
文摘The paper provides an empirical insight into the significance of shared cognition reflected in the perception of key actors in selected construction projects. It has explored how clients, consultants and contractors prioritize causes of cost overrun in building projects in Tanzania and measured the statistical variance in their order of rank. A total of 55 respondents were selected from public projects that had experienced cost overruns. The results show an inclination of the top 4 causes of cost overrun being technical and originate from internal sources. The Spearman correlation coefficient established a strong positive correlation in the ranking of causes of cost overrun in construction project by clients, consultants and contractors, suggesting a shared cognition is in place for the project team. The outcome provides a good base for contemplating success of mitigation measures for cost overruns and reiterates the significance for a shared cognition for project team success.
文摘Recently, the highway construction projects increase rapidly in Vietnam and most of them are international contracting projects. It results serious negative influence on the local government and enterprises that the common cost overrun of projects, and the risk factors of it is different in the different countries, different stages and projects types. So in this paper, we generate an evaluation index system of highway construction projects cost overrun risk in Vietnam in the perspective of different project participants, and also evaluate the effects of these factors in method of regression analysis. The empirical results confirmed 7 main factors that have aggravated cost overrun risk in construction stages, e.g. survey and design scheme risk. In final, the corresponding suggestions are proposed to reduce the project cost overrun risk.
文摘Cost and time overrun are the key troubles of any improvement ventures. These troubles are inflicting the terrible end result in the development of kingdom monetary improvement and thriving. To overcome these problems, the?paper examines predominant impact on elements causing the mission postponement and cost. A poll review was led for the situation study embracing various information-gathering procedures. The discoveries from the contextual investigation uncovered that the most persuasive factors in Malaysia:?1) contractor’s inappropriate arranging, 2) poor site the board, 3) deficient contractual worker experience,?are the most powerful factors. This paper has likewise broken down the normal and least effective of the postpone variables causing task deferral and cost overrun in Malaysia. It likewise infers that there are various measures as per the idea of deferring components to decrease the effect on task postponement and cost overruns in the development industry.?There are significant factors in the control of time overrun that would be actual thought related to know and tackle in great impact to improvement rate which may additionally no capacity that be recovered. Thirty (30) massive development extensions in Malaysia were exceptional coping with time overrun at some stage in development. Out of 30 undertakings, 17 (56.67%) ventures had been introduced by using 1100 days’ time overrun, 5 (16.67%) extensions in the middle of a hundred and one to 200 days, 5 (16.67%) ventures?201 to 300 days while three (10%) ventures have been deferred for timeframe over 300 days.
文摘In this thesis,construction industries face with the major challenges are cost overruns and time delays, which have existed in most of projects, especially in developing countries. Construction projects and the environment are increasingly complex, thus it has greater demands on project managers and cost managers that deliver processes on time. However the process of construction is limited to unforeseeable and variable factors, resulting from many sources. The aim of the report is to analyze determining factors about causing budget overrun and time delays by reviewing and identifying past cases. Furthermore, the construction process is made up of three critical phases, i.e. conception, design, construction. Generally, the majority of time delays and cost overrun happen in the period of construction, where many factors are always unforeseeable, and time delays usually associate with cost overruns. （Chan and Kumaraswamy, 1997）
文摘Delay to large scale projects, which is as a result of actions or inactions of some project stakeholders, is becoming a global phenomena and Ghana is no exception. The objective of the research is to identify, rate and rank the most significant risk factors that causes delay on projects and examine the social impact of these delays to recommend modalities to help mitigate these risk factors. The study adopted quantitative methods with the distribution of 144 questionnaires to built environment professionals receiving a response rate of 75.7%. The instrument listed 58 common factors under eight categories that contribute to the causes of delay for respondents to rate. Analysis of data non-parametric test revealed that client, contractor, material and finance category factors significantly resulted in the schedule delay of large infrastructural projects. The survey analysis revealed that micro-factors that result in delays to large construction projects are time constraint, cost overrun, payment problems, dispute and litigation. The research recommended the following modalities to minimize such delays： availability of resources, improved communication and coordination, proper scope definition and feasibilities, utilization of modern technology, appropriate application of technologically based systems and competent project management＇s structures.
