Evaluation of Success Factors in Construction Industry by using RII
PRATIK ASHOK POL
, Prof. B. A. Konnur
Index Terms - Relative Important Index (RII), Success Attributes, Failure Attributes, etc.
Abstract - Success has been the ultimate goal of every business activity. It is highly important for the organizations to be successful in their businesses in order to survive in competitive business environments such as construction. Thus, construction companies have to adopt these applications and develop appropriate strategies to be more competitive in this industry and get success in their businesses. The different success parameters for projects in this industry are cost, time and quality. In this study, an attempt is made to identify the critical success factors, which attributes towards the success of the construction project. Forty crucial success factors were identified through an extensive literature survey. A two stage questionnaire-based survey was conducted to solicit the consistent judgment of 50 experts working in different sectors like real estate as well as in infrastructure having a wide experience, which they have gained during their involvement in the construction field. Twenty success factors were identified by Relative Important Index as the most crucial factors, which govern the success of the project according to analysis of the first stage responses. Some of the critical success factors obtained after analysis are Availability of material resources, Project manager’s competence, Timely payment of contractor/ consultant, Technical capability of contractors/ Experience of the contractor, adequacy of design details and specification, good co-ordination among project participants, a regular progress meeting on projects, excellent technical capability of the contractor, etc. The second stage survey helped to evaluate the extent of critical of these factors in to three categories as super critical, critical, and sub critical with reference to the indicated performance.
"Evaluation of Success Factors in Construction Industry by using RII", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.2, Issue 4, page no.30-34, April-2017, Available :https://ijnrd.org/papers/IJNRD1704008.pdf
Volume 2
Issue 4,
April-2017
Pages : 30-34
Paper Reg. ID: IJNRD_160071
Published Paper Id: IJNRD1704008
Downloads: 000118824
Research Area: Engineering
Country: Kolhapur, Maharashtra, India
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
