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Analysis and Development of a Model for the Causes of Cost and Time Overruns in Engineering Projects

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Collection

2012 ASEE Annual Conference & Exposition

Location

San Antonio, Texas

Publication Date

June 10, 2012

Start Date

June 10, 2012

End Date

June 13, 2012

ISSN

2153-5965

Conference Session

Engineering Management Applications

Tagged Divisions

Engineering Management, Engineering Economy, and Industrial Engineering

Page Count

13

Page Numbers

25.184.1 - 25.184.13

Permanent URL

https://peer.asee.org/20944

Download Count

28

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Paper Authors

biography

Syed Athar Masood National University of Sciences & Technology, Rawalpindi, Pakistan

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Syed Athar Masood is working as Assistant Professor at the Department of Engineering, NUST College of E&ME, Rawalpindi, Pakistan. He did his doctorate at Loughborough University, U.K., in engineering management at Wolfson School of Mechanical and Manufacturing Engineering and published a number of research papers in international journals.

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Abstract

ANALYSIS AND DEVELOPMENT OF A MODEL FOR THE CAUSES OF COST AND TIME OVERRUNS IN ENGINEERING PROJECTSABSTRACT: Cost and time overruns have been the most disgustingproblems in most engineering management projects. There are numberof factors such as funds unavailability at the proper time, unavailabilityof skilled manpower, incapability of management to manage projectproperly, lack of commitment from project team and hurdles in the ofsupply of raw material on proper time. By understanding the causes ofcost and time overruns due to the above mentioned variables can helpto control cost and time overruns in engineering projects. Theseoverruns may be due to external or internal factors that makesengineering projects to delay.The main objective of this paper is to present the main causes ofoverruns in engineering projects and to present a model to overcomethese causes. Literature review and personal contacts have been usedto determine the causes of overruns on the delayed projects todetermine the types of delays that have caused cost and timeoverruns. Results indicate that most important factor to completeengineering projects on time and avoid overruns is the commitment ofthe project team especially the top management. The commitment intrue spirit of the project team and the management can be enhancedthrough the Clan type of culture in the project team as depicted byCameron, K. S. and Quinn, (1999). The results of the paper wereanalysed using SPSS and a model was developed to overcome thecause of overrun in engineering projects.

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