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Title: :  ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS
PaperId: :  6983
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 3 Issue 6 2017
DUI:    16.0415/IJARIIE-6983
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Patel Harjinder RameshMIT Art, Design and Technology University, Pune
Patel Saurabh AshwinMIT Art, Design and Technology University, Pune
Mehta Nirav BipinbhaiMIT Art, Design and Technology University, Pune
Desai Mit MihirMIT Art, Design and Technology University, Pune

Abstract

Civil Engineering
Overrun, Delay, Cost overrun, Time overrun, Smart PLS, Partial least square.
Infrastructure projects regularly experience cost and schedule overruns. Unfortunately construction industry today is facing major risk in achieving completion of project within estimated time and cost. Total 37 factors affecting cost and time overrun were categorized in 5 major groups. After consideration of factors and ranking them with the help of questionnaire survey, the data has been analysed using Smart PLS software. In software analysis by Smart PLS, the coefficient of determination, R^2, is 0.496 for the Cost Overrun endogenous latent variable and similarly for time overrun, the coefficient of determination, R^2, is 0.60 for the Time Overrun endogenous latent variable. This study also suggest that assurance of Funds Resources, availability of good quality construction material, owners quick response and many others will help to control the identified risk factors. It is hoped that finding of this paper will help the stakeholders to act on critical causes and further to reduce cost and time overrun in construction project.

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IJARIIE Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS" International Journal Of Advance Research And Innovative Ideas In Education Volume 3 Issue 6 2017 Page 552-561
MLA Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS." International Journal Of Advance Research And Innovative Ideas In Education 3.6(2017) : 552-561.
APA Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, & Desai Mit Mihir. (2017). ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS. International Journal Of Advance Research And Innovative Ideas In Education, 3(6), 552-561.
Chicago Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS." International Journal Of Advance Research And Innovative Ideas In Education 3, no. 6 (2017) : 552-561.
Oxford Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. 'ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS', International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 6, 2017, p. 552-561. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/ANALYSIS_OF_COST_AND_TIME_OVERRUN_IN_CONSTRUCTION_PROJECT_USING_SMART_PLS_ijariie6983.pdf (Accessed : 03 June 2018).
Harvard Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. (2017) 'ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS', International Journal Of Advance Research And Innovative Ideas In Education, 3(6), pp. 552-561IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/ANALYSIS_OF_COST_AND_TIME_OVERRUN_IN_CONSTRUCTION_PROJECT_USING_SMART_PLS_ijariie6983.pdf (Accessed : 03 June 2018)
IEEE Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir, "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS," International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 6, pp. 552-561, Nov-Dec 2017. [Online]. Available: http://ijariie.com/AdminUploadPdf/ANALYSIS_OF_COST_AND_TIME_OVERRUN_IN_CONSTRUCTION_PROJECT_USING_SMART_PLS_ijariie6983.pdf [Accessed : 03 June 2018].
Turabian Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 3 number 6 (03 June 2018).
Vancouver Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir. ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : 03 June 2018]; 3(6) : 552-561. Available from: http://ijariie.com/AdminUploadPdf/ANALYSIS_OF_COST_AND_TIME_OVERRUN_IN_CONSTRUCTION_PROJECT_USING_SMART_PLS_ijariie6983.pdf
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