Mitigating Resource Management Related Factors Affecting Time and Cost Performance in Construction Projects
Abstract
Construction time and cost are basic parameters for measuring project performance. Unfortunately, construction projects are facing poor time and cost performance globally. This poor performance is occurred due to several factors among which resource related factors play very important role. Hence, it is very essential to control the factors affecting performance of time and cost. This study assessed significance level of the resource related factors and determined effective measure to mitigate the factors. Gathering of data was done by questionnaire survey with the practitioners representing client, consultant and contractors involved in handling execution works. Statistical analysis of gathered responses revealed that High cost of machinery and its maintenance; and fluctuation of prices of materials on site are significant resource related factors affecting project cost performance while in affecting time performance, the significant factors are financial difficulties faced by contractors and high cost of machinery and its maintenance. This study also assessed the effectiveness level of the mitigation measures for improving time and cost performance. The findings of this study will be helpful for the practitioners to make necessary arrangement for improving time and cost performance.
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