Analysis of time and cost overruns in infrastructure projects in India
By: Deeppa, K
.
Contributor(s): Krishnamurthy, I.
Publisher: Pune NICMAR 2014Edition: Vol.29(3), Jul-Sep.Description: 5-20p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here
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NICMAR Journal of construction managementSummary: Implementation of infrastructure projects in India has improved substantially. Although the complexity of infrastructure projects has increased, the capacity to handle them efficiently is inadequate on many fronts and that is why, time and cost overruns in projects still persist. This paper tries to explain the typical causes of project cost and time overruns and provides some useful tips and techniques for managing and reducing costs. In order to analyse the above, Principal Component Analysis and Relative Importance Index (RII) has been derived. The analysis of the response data revealed that there were variables that significantly contributed to the cost and time overruns and had a chance of recurring in future projects. These included among others, delayed payments to contractor, employer cash flow problems, delay in disbursement of funds by financiers, bureaucracy of government agencies, complex interfaces of various work packages, the length of the implementation of the project, delay in procurement of materials and equipment, inadequate planning by employer before commencement of construction, late design changes, delay in approvals by engineer, delays in release of drawings, increase in scope of work, disputes between parties and delay of access to site.
| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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School of Engineering & Technology (PG) Archieval Section | Not for loan | 2024-0868 |
Implementation of infrastructure projects in India has improved substantially. Although the complexity of infrastructure projects has increased, the capacity to handle them efficiently is inadequate on many fronts and that is why, time and cost overruns in projects still persist. This paper tries to explain the typical causes of project cost and time overruns and provides some useful tips and techniques for managing and reducing costs. In order to analyse the above, Principal Component Analysis and Relative Importance Index (RII) has been derived. The analysis of the response data revealed that there were variables that significantly contributed to the cost and time overruns and had a chance of recurring in future projects. These included among others, delayed payments to contractor, employer cash flow problems, delay in disbursement of funds by financiers, bureaucracy of government agencies, complex interfaces of various work packages, the length of the implementation of the project, delay in procurement of materials and equipment, inadequate planning by employer before commencement of construction, late design changes, delay in approvals by engineer, delays in release of drawings, increase in scope of work, disputes between parties and delay of access to site.
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