ELEMENTS OF COST AND SCHEDULE OVERRUN IN CONSTRUCTIONPROJECTS
DOI:
https://doi.org/10.11594/ijer.v4i2.46Keywords:
cost overrunAbstract
The cost of a basic upgrade to this wonderful piece of study is typically expressed in necessary units like earned dollars. The economic activity necessary to ensure that the building projects are sufficiently finished within an approved budget is properly included in the Project Cost. Although having more practical experience in construction management, cost and schedule overruns still play a significant role in many projects. Modern literatures are studied back-to-back and divided into two parts, which costs money for particular projects, overrunning of schedules in construction projects. The main study establishes that price increase causes cost and schedule overruns. For all intents and purposes, any client who is interested in facilities in the manufacturing sector is complete in terms of scope, timing, and cost. These studies have been published under a creative commons permission with the express purpose of carefully controlling causes. Uniquely required, necessary materials and cutting-edge products have a direct impact on building projects' schedule and expense overruns. The published study clearly shows the lack of essential maintenance of the project equipment, decreased working class productivity, barriers in bill declaration, poor preservation of the useful tools, and other external factors slowly constitute the significant factors that may properly conduct the project at a typical cost over the period.
Downloads
References
[2] Arvan, L. and Leite. (1990), 'Cost Overruns in Long-Term Project,' International Journal of Industrial Organization, 8(3), 443-67
[3] Ibrahim Mahamid and Nabil Dmaidi(2013), “Risks Leading to Cost Overrun in Building Construction from Consultants’ Perspective” 1. Civil Engineering Department, Hail University, Hail, Saudi Arabia, 2. Civil Engineering Department, An-Najah National University, Nablus, Palestine. and Minister of transport
[4] Ramanathan Chidambaram, and Narayanan Sambu Potty(2014), “Qualitative analysis of Time delay and Cost overrun in Multiple Design and Build Projects” International Conference Data Mining, Civil and Mechanical Engineering, Bali (Indonesia)
[5] Omayma Hashim Motaleb1 and Mohammed Kishk (2015) “Controlling the Risk of Construction Delay” 1. Faculty of Engineering, UAEU (United Arab Emirates University), Al Ain 20571, United Arab Emirates 2. The Scott Sutherland School of Architecture and Built Environment, Robert Gordon University, Aberdeen AB10 7QB, UK
[6] H. P. Moura, J. C. Teixeira, and B. Pires, "Dealing With Cost and Time in the Portuguese Construction Industry," in CIB World Building Congress, 2007
[7] Vaibhav Y. Katre, Dr. D.M. Ghaitidak (2016), “Elements of Cost and Schedule Overrun in Construction Projects”
[8] T. Subramani, et al (2014), “Causes of Cost Overrun in Construction” In this research paper, the industry plays a pivotal role in developing the country’s infrastructure, a pre-requisite for high levels of economic growth.
[9] Arvan, L. and Leite. (1990), 'Cost Overruns in Long-Term Project,' International Journal of Industrial Organization, 8(3), 443-67.
[10] Ibrahim Mahamid and Nabil Dmaidi(2013), “Risks Leading to Cost Overrun in Building Construction from Consultants’ Perspective” 1. Civil Engineering Department, Hail University, Hail, Saudi Arabia, 2. Civil Engineering Department, An-Najah National University, Nablus, Palestine. and Minister of transport
[11] Ramanathan Chidambaram, and Narayanan Sambu Potty(2014), “Qualitative analysis of Time delay and Cost overrun in Multiple Design and Build Projects” International Conference Data Mining, Civil and Mechanical Engineering, Bali (Indonesia)
[12] T.Subramani, P S Sruthi , M.Kavitha(2014), “Causes of Cost Overrun In Construction” 1 Professor & Dean, Department of Civil Engineering, VMKV Engg. College, Vinayaka Missions University, Salem, India 2 PG Student of Construction Engineering and management, Department of Civil Engineering, VMKV Engg. College,Vinayaka Missions University, Salem, India 3 Managing Director, Priyanka Associates, Civil Engineering Consultant and Valuers, Salem
[13] Fouzi A. HOSSEN(2010), “Project cost risk assessment: an application of project risk management process in Libyan construction projects” Faculty of Engineering, University of Omar Elmukhtar, Libya
[14] Omayma Hashim Motaleb1 and Mohammed Kishk (2015) “Controlling the Risk of Construction Delay” 1. Faculty of Engineering, UAEU (United Arab Emirates University), Al Ain 20571, United Arab Emirates 2. The Scott Sutherland School of Architecture and Built Environment, Robert Gordon University, Aberdeen AB10 7QB, UK.
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See the Effect of Open Access).
