APPLICATION OF FAST TRACKING TECHNIQUES TO OVERCOME TIME & COST OVERRUNS IN CONSTRUCTION

Civil Engineering

Construction technology includes a nice potential to enhance productivity and reduce project period. Delay happens in several construction activities, delays will cause wide negative effects like loss of productivity and revenue, and contract termination. Additionally, the paper presents the connection between new technology and time overrun in those projects. In India the amount of road development activities is increasing from time to time. However, it becomes tough to finish the project within the allotted cost and time. Taking this into thought, time and price overrun is one among the most important issues in Indian road project. The foremost necessary causes for overrun were delayed to furnish and deliver the location, financial issues, and improper designing. Whereas the foremost necessary causes of cost overrun were found to be a delay in construction, inadequate provision of raw materials and Instruments by contractors, improper planning, incomplete design. Therefore, this analysis was administered to know such issues and to resolve such overrun of time and cost by implementing fast tracking techniques. Fast tracking is one of project management methodology. It has a very important use and purpose - to deliver on time, on budget activities even once one or additional limiting constraints substitute the method of success. Fast tracking could be a specialized management approach - to be used whenever you’re asked to deliver over existing capabilities enable and you would like a regular way to place things back in balance.

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