Factors affecting cost performance: evidence from Indian construction projects

This paper presents the findings of a questionnaire survey conducted on the factors affecting cost performance of Indian construction projects. Factor analysis of the response on the 55 success and failure ‘ attributes’ identified through literature review and personal interview extracted seven fact...

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Bibliographic Details
Published in:International journal of project management 2005-05, Vol.23 (4), p.283-295
Main Authors: Iyer, K.C., Jha, K.N.
Format: Article
Language:English
Subjects:
Construction
Coordination
Correlation analysis
Cost
Costs
Factor analysis
Managing projects
Project management
Studies
Success
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Summary:This paper presents the findings of a questionnaire survey conducted on the factors affecting cost performance of Indian construction projects. Factor analysis of the response on the 55 success and failure ‘ attributes’ identified through literature review and personal interview extracted seven factors. Critical success factors obtained by the analyses are: project manager’s competence; top management support; project manager’s coordinating and leadership skill; monitoring and feedback by the participants; coordination among project participants; and owners competence and favourable climatic condition. However factors adversely affecting the cost performances of projects, are: conflict among project participants; ignorance and lack of knowledge; presence of poor project specific attributes and non existence of cooperation; hostile socio economic and climatic condition; reluctance in timely decision; aggressive competition at tender stage; and short bid preparation time. Further analysis indicates coordination among project participants as the most significant of all the factors having maximum positive influence on cost performance.
ISSN:0263-7863
1873-4634
DOI:10.1016/j.ijproman.2004.10.003