A REVIEW ON FACTORS AFFECTING TIME AND COST OVERRUN – INDIAN SCENARIO

A REVIEW ON FACTORS AFFECTING TIME AND COST

OVERRUN – INDIAN SCENARIO.

Mr. Sanved Sharad More ¹, Prof. Dr. D.B. Desai ²

• ^{Department Of Civil Engineering & Dr. J. J. Magdum College of Engineering, Jaysingpur1}

^{Department Of Civil Engineering & Dr. J. J. Magdum College of Engineering, Jaysingpur2}

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Abstract - This thesis report is about A Review on Factors Affecting Time and Cost Overrun – Indian Scenario.

As per the 342nd Report of the Ministry of Statistics and Programmed Implementation in India projects of public sector in India are seriously affected by cost overruns due to various reasons. Four-hundred ten projects were reviewed out of 727 running projects all over India. It was found that 235 projects running were with cost overruns out of 410 projects. It was around 57% projects which has quite large and serious indication towards remedial measures. Delay and cost are common phenomena in projects worldwide. However, these are especially severe in developing countries. (MOSPI 2014 Infrastructure Statistics)

After the Covid-19, many projects in construction industry facing delays and cost over runs may be because of labor unavailability, funds scarcity. This project aims at finding the cost and time overruns of the public sector projects in the last 5 years. so, the outcome of this project would give an idea that measure to be taken in future projects.

Key Words:  Time and Cost Overrun in Global Scenario, Time and cost overrun- Indian scenario, Annova.