ANALYZING AND VALIDATING OF CRITICAL FACTORS AFFECTING TIME OVERRUN AND COST OVERRUN OF PROJECT
Keywords:
Delay, Residential building, Validation, Time overrun, Cost overrunAbstract
Delay are one of the biggest issues in construction industries of India. It affects the economic
growth of the country directly or indirectly. Hence it is necessary to identify cause of delay and variation in
cost and time due to delay. The objective of the study is to validate the critical factors and also find out time
overrun and cost overrun of the project through case study. We found out the top 10 critical factors
affecting delay in construction of the residential building with the help of Relative Important Index(RII)
method. Then these factors were validated by case study. Then for the same site time overrun and cost
overrun is calculated with the help of Primavera P6 software. The validation of the critical factor is about
70%. Total time overrun is 27 months. Total cost overrun in direct cost is 3,51.014 Rs. and total cost,
overrun in indirect cost is 27,93,000 Rs. It was analyzed that total cost overrun in indirect cost is much
higher then cost overrun in direct cost. We carried out some recommendation to minimize the effect of
delay in construction of residential building.