Volume 6, Issue 4

ELEMENTS OF COST OVERRUNS, DELAYS AND RISK IN CONSTRUCTION MANAGEMENT (141558)

DOI :

Abstract : One of the leading contributors to Indian economy i.e. the construction industry is criticized many times for delays in the projects. The delay in the projects effects on track record of construction industry. It also results in low customer satisfaction. On the other hand, the delay in construction projects increases the cost of the project. The industry is coming up with the complicated construction projects with dependencies on skilled workforce. Different requirements are to be fulfilled in the stipulated time frame. Hence the success of any project depends upon two important factors viz. cost and time required to complete the project. The planning of the project with application of the principles like total quality enhancement and supply management will result in better performance of the team to deliver the project. The paper presents the overview of the different parameters affecting the cost and budget and the risks involved in the construction projects.

Pages : 18-22

Downloads : 1

Publication Date :

Modified Date : 2019-04-06

Cite/Export :

AKSHAY KARNAVAT , RAHUL KULCHANDANI , MAYUR LODHA, PROF. ASHA OAK , "ELEMENTS OF COST OVERRUNS, DELAYS AND RISK IN CONSTRUCTION MANAGEMENT", IJIERT - International Journal of Innovations in Engineering Research and Technology, Volume 6, Issue 4, ISSN : 2394-3696, Page No. 18-22