Evaluation of Success Factors in Construction Industry by using RII

Registration ID: IJNRD_160071

Published ID: IJNRD1704008

DOI: Click Here to Get

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.

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PRATIK ASHOK POL & Prof. B. A. Konnur (April-2017). Evaluation of Success Factors in Construction Industry by using RII. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 2(4), 30-34. 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: 000121986

Research Area: Engineering

Country: Kolhapur, Maharashtra, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD1704008.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD1704008

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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