ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS

Patel Harjinder Ramesh; Patel Saurabh Ashwin; Mehta Nirav Bipinbhai; Desai Mit Mihir

ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS

November 2017

Vol-3, Issue-6

Paper ID: 6983

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

Civil Engineering

Keywords

Overrun Delay Cost overrun Time overrun Smart PLS Partial least square.

Abstract

Infrastructure projects regularly experience cost and schedule overruns. Unfortunately construction industry today is facing major risk in achieving completion of project within estimated time and cost. Total 37 factors affecting cost and time overrun were categorized in 5 major groups. After consideration of factors and ranking them with the help of questionnaire survey, the data has been analysed using Smart PLS software. In software analysis by Smart PLS, the coefficient of determination, R^2, is 0.496 for the Cost Overrun endogenous latent variable and similarly for time overrun, the coefficient of determination, R^2, is 0.60 for the Time Overrun endogenous latent variable. This study also suggest that assurance of Funds Resources, availability of good quality construction material, owners quick response and many others will help to control the identified risk factors. It is hoped that finding of this paper will help the stakeholders to act on critical causes and further to reduce cost and time overrun in construction project.

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Author Information

#	Name	Institute / Affiliation
1	Patel Harjinder Ramesh	MIT Art, Design and Technology University, Pune
2	Patel Saurabh Ashwin	MIT Art, Design and Technology University, Pune
3	Mehta Nirav Bipinbhai	MIT Art, Design and Technology University, Pune
4	Desai Mit Mihir	MIT Art, Design and Technology University, Pune

How to Cite

Use the following formats to cite this article in your research.

APA Style

Ramesh, Patel Harjinder, Ashwin, Patel Saurabh, Bipinbhai, Mehta Nirav, & Mihir, Desai Mit (2017). ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS. International Journal of Advance Research and Innovative Ideas In Education, 3(6), 552-561.

MLA Style

Ramesh, Patel Harjinder, et al. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS." International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 6, 2017, pp. 552-561.

IEEE Style

Patel Harjinder Ramesh, Patel Saurabh Ashwin, Mehta Nirav Bipinbhai, and Desai Mit Mihir, "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS," International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 6, pp. 552-561, 2017.

Vancouver Style

Ramesh Patel Harjinder, Ashwin Patel Saurabh, Bipinbhai Mehta Nirav, Mihir Desai Mit. ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS. International Journal of Advance Research and Innovative Ideas In Education. 2017;3(6):552-561.

Harvard Style

Ramesh, Patel Harjinder, Ashwin, Patel Saurabh, Bipinbhai, Mehta Nirav, & Mihir, Desai Mit (2017) 'ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS', International Journal of Advance Research and Innovative Ideas In Education, 3(6), pp. 552-561.

Chicago Style

Ramesh, Patel Harjinder, et al. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS." International Journal of Advance Research and Innovative Ideas In Education 3, no. 6 (2017): 552-561.

Turabian Style

Ramesh, Patel Harjinder, et al. "ANALYSIS OF COST AND TIME OVERRUN IN CONSTRUCTION PROJECT USING SMART-PLS." International Journal of Advance Research and Innovative Ideas In Education 3, no. 6 (2017): 552-561.