Project Quarterback Rating to Assess Performance of Construction Project
Journal: International Journal of Science and Research (IJSR) (Vol.4, No. 5)Publication Date: 2015-05-05
Authors : Ravi Ranjan; G. A. Hinge;
Page : 2893-2896
Keywords : PQR; Construction Industry; Key Variables; Ranking;
Abstract
The construction industry is one of the largest industries in the world. Construction projects are often acting as catalyst to the development of countries. Therefore construction projects have become the indicators of economic growth. The project comparison and selection of best one is a complex task in construction industry as it involves various variables. To address this issue, an attempt has been made to evolve a new procedure of project benchmarking based on project quarterback rating. A new framework proposed in the study will demonstrate thrust performance areas of construction from contractor-s perspective. In all five key variables have been identified and considered for analysis. At present the analysis of three measurable variables is completed on quantitative basis so as to rank the project. The procedure developed here will be useful to those firms which are carrying out multiple projects to select the best performer and adapt the best practices followed by that project in their future projects. Index Terms- Index Terms- PQR, Construction Industry, Key Variables, Ranking.
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