Factors Affecting Overruns Construction Time and Cost: A Case Study
Surabattuni Murali1, Sanjeet Kumar2

1Surabattuni Murali, Post Graduate Student, Department of Civil Engineering, Koneru Lakshmaiah Educational Foundation, Deemed to be University, (Andhra Pradesh), India.
2Sanjeet Kumar, Associate Professor, Department of Civil Engineering, Koneru Lakshmaiah Educational Foundation Deemed to be University, (Andhra Pradesh), India.
Manuscript received on 30 April 2019 | Revised Manuscript received on 14 May 2019 | Manuscript Published on 28 May 2019 | PP: 284-288 | Volume-7 Issue-6C2 April 2019 | Retrieval Number: F10520476C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: Achievement of any construction venture depends on the timely completion of project within the specified budget. Method of execution, management of workers, equipment, scheduling and cost are some of the factors that affect the project management and these factors are the reason in for the cost and time overruns around the world. This study objective is to identify and prioritized the major causes of time and cost overrun in construction industry using a completed project. Data is collected from Shan-E-Awadh-ground anchoring project, Lucknow, the data is analyzed and compared with the estimated and actual budget schedules to understand the causes of cost and time overruns. Factors are identified from the project using questionnaire with the help of people, who worked for the project through various parties like consultants, contractors, site engineers, etc. The results of the study shows that main factors of the time and cost overruns are poor material management, site conditions, unskilled labours, contractor financial difficulties, machines and equipment difficulties. By obtaining the results and analysis of factors recommendations are suggested as possible remedial solutions for the forthcoming projects. These types of study will help for the new projects which are yet to come in the same season for the proper implementation of construction project.
Keywords: Project, Lucknow, Cost, Time, Budget, Management.
Scope of the Article: Construction Economics