International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 11 Issue: 05 | May 2024
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p-ISSN: 2395-0072
A Review Paper on Assessment and Impact of Role of Project Manager on Cost and Time Control in Construction Projects. MS. Prajakta P. Khopade1, Dr. Rahul V. Kajave2 1PG student, civil (Construction Management), Tatyasaheb Kore Institute of Engineering and technology,
Warananagar, Pin-416113,Maharashtra,India
2Assistant Professors, Dept. of Civil Engineering,Tatyasaheb Kore Institute of Engineering and Technology,
Warananagar, Pin-416113, Maharashtra India ---------------------------------------------------------------------***---------------------------------------------------------------------
Abstract - The construction projects are inherently
labour, materials, equipment, and overhead. They are also more likely to be able to identify potential cost savings opportunities. This can help to prevent cost overruns and ensure that projects are completed within budget.
complex, often involving numerous stakeholders and facing the risk of cost and schedule overruns. Skilled project managers are crucial in mitigating these risks and ensuring projects are completed within budget and on time. This study aims to explore the impact of project manager role on cost and time control in construction projects. Drawing from a comprehensive literature review, which includes insights from various scholars on project management, project success factors, and risk management, this research seeks to address the gaps in current knowledge. The problem statement underscores the need for research in this area, emphasizing the critical role of project managers in navigating the complexities of construction projects. The objectives and methodology outline a mixed-methods approach, involving surveys, interviews, and data analysis, to investigate the factors influencing cost and time control and the effectiveness of project manager skills. By examining the challenges faced by project managers and identifying best practices, this study aims to provide valuable insights for improving project management practices in the construction industry.
ii. Scheduling: Experienced project managers are able to develop realistic and achievable project schedules. They are also able to monitor and track progress against the schedule and make adjustments as needed. This can help to prevent schedule overruns and ensure that projects are completed on time. iii. Risk management: Experienced project managers are able to identify and assess potential risks to the project, and they are able to develop and implement mitigation strategies. This can help to prevent cost and schedule overruns caused by unexpected events. iv. Communication and coordination: Experienced project managers are able to communicate and coordinate effectively with all stakeholders involved in the project. This helps to ensure that everyone is on the same page and that the project is moving forward smoothly. This can help to reduce delays and cost overruns caused by miscommunication and coordination problems.
Key Words: Role of project manager, Cost and Time control, Construction projects, Cost overruns, Delay in construction projects, etc
Some examples of how project manager expertise can have a positive impact on cost and time control in construction projects:
1. INTRODUCTION In construction projects, keeping costs under control and sticking to schedules can be really tough. There are lots of different people involved, which makes things even more complicated. But that's where a good project manager comes in. They're like the captain of the ship, guiding everyone and making sure things stay on track. Their experience and skills are super important for avoiding problems and making sure the project gets done on time and within budget. This introduction talks about why having a skilled project manager is so crucial for successful construction projects.
- A project manager may be able to identify and negotiate better prices with suppliers and contractors. - A project manager may be able to develop more efficient work flows and processes. - A project manager may be able to anticipate and mitigate potential risks, such as bad weather or delays in obtaining materials.
Some of the ways in which project manager expertise can impact cost and time control in construction projects.
- A project manager may be able to build and maintain strong relationships with stakeholders, which can help to resolve conflicts and keep the project on track.
i. Cost planning and estimation: Experienced project managers are better able to accurately estimate the costs of a project taking into account all relevant factors such as
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Overall, the benefits of hiring and retaining experienced project managers far outweigh the costs. Construction
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