Strategies for Reducing Construction Project Delays and Cost Overruns

Abstract: The present research aims to analyze the causes of delays and cost overruns in construction projects and to identify the methods to minimize delays and cost overruns. In the present era of rising need for infrastructure and growing competitiveness, construction projects must be completed on time and without cost overrun. Most construction projects are complex and filled with challenges, unexpected hindrances, and frequently emerging issues, leading to time and cost overruns. This research identified several government construction projects that suffered from delays and cost overruns. The data from these projects was analyzed in terms of its magnitude and frequency of occurrence, its effects and remedies to minimize the effects of the problems. The significant causes of delay and cost overruns were enumerated. The main reasons for the delay are the slow decision-making process, insufficient funds, partly available work sites, and the existence of essential services passing through the site. Based on the project analysis, several recommendations have been developed to manage and reduce delays and cost overruns effectively.

Keywords: delay, time, cost, overrun, construction, project.

Title: Strategies for Reducing Construction Project Delays and Cost Overruns

Author: Zavvar Kazim, Mohammad Sharif, Akil Ahmed

International Journal of Civil and Structural Engineering Research  

ISSN 2348-7607 (Online)

Vol. 11, Issue 1, April 2023 - September 2023

Page No: 91-98

Research Publish Journals

Website: www.researchpublish.com

Published Date: 28-September-2023

DOI: https://doi.org/10.5281/zenodo.8385877

Paper Download Link (Source)

https://www.researchpublish.com/papers/strategies-for-reducing-construction-project-delays-and-cost-overruns