A Statistical Approach of Identifying the Significant Factors Influencing Time and Cost Overruns in High Rise Buildings

Paper ID: EIJTEM_2016_3_1_1-6

Author's Name: A. Sheik Farid and D. Mythili

Volume: 3

Issue: 1

Year: 2016

Page No: 1-6

Abstract:

Time and cost performance is the fundamental criteria for success of a construction projects. Time and cost delay is one of the biggest problem facing in many construction buildings in India. The delay in construction project is a situation in which the project cannot be completed within a planned time. This project is to study the typical causes of project cost and time overruns in the high rise buildings. The problems were identified from the literatures and construction sites. Data collection was done through structured questionnaire, which was designed based on 9 categories and 50 questions. Qualitative pilot study was done based on the opinions of experts in the construction industry to improve the questionnaire by reducing the factors and to find out any problem that may rise out in filling the questionnaire. The questionnaire survey was carried out among clients, consultants and contractors. Then the top most factors were ranked based on Relative Important index method by the overall respondents to find out the major causes of time and cost overruns in high rise buildings. Analyses will be carried out using SPSS (Statistical Package for Social Science) version 17 software. The conclusion gives suggestions to avoid such problems in high-rise buildings and it will be helpful for reducing cost and time in future projects.

Keywords: High Rise Buildings, Construction Projects, Cost Overrun, Time Overrun.

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