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Title: :  Study on Project Schedule and Cost Overruns
PaperId: :  8150
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 4 Issue 2 2018
DUI:    16.0415/IJARIIE-8150
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Saurabh PatelMIT COLLEGE OF MANAGAMENT, Pune
Harjinder PatelMIT COLLEGE OF MANAGAMENT, Pune

Abstract

Civil Engineering
Risk Factors, overrun, Delay, Cost overrun, Construction projects, Time overrun.
Risk plays an important role in the success of construction project. In managing risk, identification of risk factors is very critical. Hence, this study focused on the investigation of risk factors from contractors’ perspective as the contractors are key players in the success of a project. Investigations on the risk factor involved 35 common risk factors classified in five categories and ranking them with the help of questionnaire survey. The data has been Theoretical analysed by following techniques:- Frequency Index, Severity Index, Importance Index and Relative Importance Index. Results found that the five most important risk factors in construction project are escalation in price of material, changes in government regulations and laws, shortages of materials and equipment’s, cash flow and financial difficulties. Method developed in this study can help agencies and hence estimation of expected overruns of final cost and delay in completion time for their planned project. The findings of this study would assist in dealing with risks encountered in construction projects.

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IJARIIE Saurabh Patel, and Harjinder Patel. "Study on Project Schedule and Cost Overruns" International Journal Of Advance Research And Innovative Ideas In Education Volume 4 Issue 2 2018 Page 3440-3453
MLA Saurabh Patel, and Harjinder Patel. "Study on Project Schedule and Cost Overruns." International Journal Of Advance Research And Innovative Ideas In Education 4.2(2018) : 3440-3453.
APA Saurabh Patel, & Harjinder Patel. (2018). Study on Project Schedule and Cost Overruns. International Journal Of Advance Research And Innovative Ideas In Education, 4(2), 3440-3453.
Chicago Saurabh Patel, and Harjinder Patel. "Study on Project Schedule and Cost Overruns." International Journal Of Advance Research And Innovative Ideas In Education 4, no. 2 (2018) : 3440-3453.
Oxford Saurabh Patel, and Harjinder Patel. 'Study on Project Schedule and Cost Overruns', International Journal Of Advance Research And Innovative Ideas In Education, vol. 4, no. 2, 2018, p. 3440-3453. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/Study_on_Project_Schedule_and_Cost_Overruns_ijariie8150.pdf (Accessed : ).
Harvard Saurabh Patel, and Harjinder Patel. (2018) 'Study on Project Schedule and Cost Overruns', International Journal Of Advance Research And Innovative Ideas In Education, 4(2), pp. 3440-3453IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/Study_on_Project_Schedule_and_Cost_Overruns_ijariie8150.pdf (Accessed : )
IEEE Saurabh Patel, and Harjinder Patel, "Study on Project Schedule and Cost Overruns," International Journal Of Advance Research And Innovative Ideas In Education, vol. 4, no. 2, pp. 3440-3453, Mar-App 2018. [Online]. Available: http://ijariie.com/AdminUploadPdf/Study_on_Project_Schedule_and_Cost_Overruns_ijariie8150.pdf [Accessed : ].
Turabian Saurabh Patel, and Harjinder Patel. "Study on Project Schedule and Cost Overruns." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 4 number 2 ().
Vancouver Saurabh Patel, and Harjinder Patel. Study on Project Schedule and Cost Overruns. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2018 [Cited : ]; 4(2) : 3440-3453. Available from: http://ijariie.com/AdminUploadPdf/Study_on_Project_Schedule_and_Cost_Overruns_ijariie8150.pdf
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