A Review of Cost overruns in Construction Project Management |
Author(s): |
| MIYANI GHANSHYAM B , SNPIT & RC, Umrakh; LAKHANI BHAVIN G, SNPIT & RC, Umrakh; PORIYA GAURAV V, SNPIT & RC, Umrakh; Mr. Rushabh A. Shah, SNPIT & RC, Umrakh; Miss Nimita A. Tijore, SNPIT & RC, Umrakh |
Keywords: |
| Classification of Cost, construction industry Cost overruns, Cost under runs, RII, IMPI & AHP Methods |
Abstract |
|
In construction industry cost is amongst the major considerations throughout the project management life cycle and thus can be regarded as one of the most important parameter of a project and the driving force of project success. Despite of its proven importance it is not uncommon to see a construction project failing to achieve its objectives within the specified cost. Cost overrun is a very frequent phenomenon and is almost associated with nearly all projects in the construction industry. In this paper different type of cost are enlisted and due to the effect of cost overruns enumerated in building projects. Effects Cost overruns are decrease in the building projects so, different methods are used the analysis cost overruns factors and give the top ten ranks. |
Other Details |
|
Paper ID: IJSRDV2I8196 Published in: Volume : 2, Issue : 8 Publication Date: 01/11/2014 Page(s): 340-343 |
Article Preview |
|
|
|
|
