EVALUATION OF COST AND TIME IMPACTS TO OVERRUNS IN CONSTRUCTION INDUSTRY

A lot of research and studies have been done to identify the root cause of the time overrun and cost overrun in construction projects which lead to the delay in the project completion Time and cost are the lifelines of any and every project. It is of supreme importance to study, analyze and evaluate the common factors leading to these constraints and suggest the best mitigation measures to overcome time and cost overrun constraints. During the construction phase it is the prime responsibility of the project managers to monitor cost and time and avoid the overruns of the both cost and time. Due to these limitations, this paper discusses the effective cost and time control overrun practices in construction industry.