Optimization of Factors that Critically Impact Time and Cost Overrun in Construction Projects

Abstract: The current study seeks to optimize the factors impacting the time and cost overrun in construction projects. The effect of widely identified factors of cost, time, quality, productivity, client satisfaction, environment, regulatory and community satisfaction and health and safety have been considered in this study. Data on the study variables were gathered from more than seventy construction projects stakeholders such as academia, engineers, contractors, real estate developers, architects, government official etc. using a standardized questionnaire. This paper focuses on use of relative importance index and statistical technique of ANOVA hypothesis to get an optimal solution of the factors that critically impact time and cost overrun in construction projects