“Model of Cost teeming, Impact of Project Planning & Management in Residential Infrastructure Projects”

Abstract

Irrespective of the industry, project management demands the understanding of several inter-related activities deciding success or failure of the projects. When it is the construction industry, implicit, extensive research to be carried as there are several factors including planning, execution, procurement, resources management, conflict management, legalities etc. have direct impact on the project’s cost. These factors being part dynamic environment where they interact technically & socially varying from industry to industry. Construction industry employs huge amount of varied resources with several in-built challenges, risk factors and idiopathic uncertainties. Limited amount of information is known at the initial stages of the project, which later demands the accurate evaluation of economic feasibilities of the project.

Researcher ahs adopted Survey method where a structured interview schedule was administered to 40 residents who have bought/constructed residential property through developer from various background; educational qualification, occupations, purposes, industries etc. For the current study the sample units are the residents who have bought/constructed residential property through developers which constitute of 40 (Sample size) as researcher received only 40 completely filled questionnaires) (sample units) that are chosen randomly.  Researcher conducted research by administering a structured interview schedule which consists of attributes related to project planning, project management, cost factors and cost teeming aspects with demographics. The measurement scale adopted are dichotomous and multiple choice questions adopting nominal scales along with five point rating Likert scale measure the attitude of the clients. Thus collected dada is analyzed with help of simple descriptive statistics and regression analysis (Impact Model) tests to know the association.