San Antonio, Texas
June 10, 2012
June 10, 2012
June 13, 2012
Engineering Management, Engineering Economy, and Industrial Engineering
25.184.1 - 25.184.13
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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