Performance Assessment of ongoing Construction projects under Town Development Fund, Nepal

Abstract

Problems related to performances of the construction projects appear through different directions. Most of the projects fail either in time performance or in cost performance or both. So, progress assessment of ongoing project is most. In this research, the performance indices (Cost performance index, CPI and Scheduled Performance Index, SPI) of the ongoing construction projects funded by German government-owned development bank KfW (Kreditanstalt fur Wiederaufbau) through Town Development Fund (TDF) were calculated to find out the variance in planned and actual physical and financial parameters. Using Earned Value Analysis method, it was observed that though the projects were within stipulated budget, the time overrun is severe. The mean planned duration for the projects under study is 15.2 months with standard deviation of 1.03 months for 75 percent work completion (with standard deviation of 30 percent) while the mean actual duration for the projects were 24.70 months with Standard Deviation of 11.64 months for 53 percent work complete in average (with 43 percent standard deviation).Time overrun seems to be critical.