Project’s Success Factor in the Building Construction: A State of Art Review

Abstract

For the growth of the economic sector and to support future development, the construction industry plays a vital part in providing employment. Completion of projects is also hence most important. Common issues faced by most projects, mainly government-subsidized, are suffering delays and budget overruns. The vital part of the project is to complete it within the expected schedule, and a budget with the expected value through effective project management. However, in reality, several traits of different types and periodically a variety of restrictions are involved, which must be managed successfully by overcoming several problems. The core objective of project management is to perform the project on schedule and enclosed within the financial plan. Cost, schedule, performance, and safety are the four inevitable objective achievement metrics that have continuously assisted as the base for project success measurement in construction. Schedule-based building project management is still a novel model and watchword in the Indian construction sector. The main factors influencing performance currently include the knowledge fields of project management. If a project is finished on time, as planned, and with stated quality, it is deemed successful. However, as success is variable and hard to agree upon, assessing project success is a challenging task. Keywords: Construction Management, Cost, Schedule, Scope, & Success Parameters.