Vol. 4 No. 8 (2018) · Articles

EVALUATION OF RISK FACTORS CAUSING COST OVERRUN IN CONSTRUCTION INDUSTRY USING IMPI AND AHP TECHNIQUE

Umesh Pratap Singh Bagri
Civil Engineering Department, MITS, Gwalior, Madhya Pradesh, India, IN

Dr. M. K. Trivedi
Civil Engineering Department, MITS, Gwalior, Madhya Pradesh, India, IN

Keywords: AHP technique, IMPI Technique, Cost Overruns, Construction Industry, construction cost

Abstract

This Study is aim to analyze the Risk factors which are mostly responsible for cost overrun in construction. Cost overrun is a very common phenomenon and is nearly related to nearly all projects in the construction industry. In this paper different type of cost are enlisted and because of the impact of cost overrun. A questionnaire for the survey has been organized by author based common elements that were taken from response of on line survey form. The survey is taken from the members who worried in construction
industries particularly contractor, site engineer, task supervisor, architects and diverse different respondent associated with construction projects/enterprise. conducted survey to find out effected ranking of collected data and then IMPI & AHP method for calculation. By using methods, determine the ranking of risk factors and find out the influence of cost overrun. Risk factors can be reduced of construction project by using these methods so our project will be under the safe and economic condition.

References

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