Identification of Key Factors that Obstruct the Cost Benefits of Construction Projects in Pakistan, Lahore
Pages : 288-292Download PDF
Construction is one of the important sectors that has enough potential to bring prosperity and betterment in the country. It plays elementary role in the growth of national income because it is among the largest sectors that generates employment in the country. It is one of the best key driver for economic development of Pakistan.. The common obstacles that every developing country has to face are critical factors that overruns the time and cost benefits of construction projects. In the same way, Pakistan is also facing critical project management related issues that are significantly important. There are several factors that are responsible for these hurdles. Few construction projects are quoted that are delayed because of some known and unknown reasons. To identify those reasons a research is made that belongs to Lahore, which in future can help with these overruns. For this purpose a questionnaire is distributed among the contractors, developers, consultants and project managers and critical factors are ranked by using relative index approach upon which the recommendations are based.
Keywords: Cost & time overrun, Project management factors, Causes of delay, Effects of delay