What causes time and cost overruns in marine construction projects?

Indian Petro
Jul 28, 2017 · 1 min read

An Investigation into Factors Causing Time and Cost Overrun in Marine Construction Projects in India identified 45 different parameters. The factors responsible have been categorized under planning and executions stages. Under execution, poor project monitoring is the number one cause for time and cost overrun. Under planning, the main culprit is the lack of a defined project management plan. This survey is of importance to those who are in the construction business, as it helps identify the key problems areas, which can then be mitigated through proactive action

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