International Research Journal of Engineering and Technology (IRJET) Volume: 04 Issue: 05 | May -2017
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e-ISSN: 2395 -0056 p-ISSN: 2395-0072
Exploratory Study on Critical Success Factors in Construction Projects Gaurav Thote1, R.D. Shinde2, A.K.Kanase3 1PG
student at RMD Sinhgad School of Engineering, Warje, Pune, of Department at RMD Sinhgad School of Engineering, Warje, Pune, 3Professor at Sinhgad Institute of Technology and Science, Narhe, Pune. (Maharashtra, India) ---------------------------------------------------------------------***--------------------------------------------------------------------2Head
Abstract-The construction industry is one of the significant activities, which contributes towards the economic growth of a nation. As construction industry is developing faster, it is very important to give the particular path to achieve the goal. In this developing country, project management can help the organization to plan strategically to reach their target. The aim of this study is to evaluate the critical success factor and failure factor in residential and commercial projects and also to find out the factor that contributes towards the success of the project. The objective of this study is to list out the success factor from literature survey. A Questionnaire survey was adopted and 80 respondents were interviewed. 15 top critical success factors were shortlisted by using (RII) relative important index. The study of critical success factor and project success is the path which leads to increase the productivity of the construction project. Key Words: Critical success factor, Failure factor, relative important index.
1. INTRODUCTION Measures which result in the organization success are called the critical success factors. [1] Every organization’s position is exclusive; evaluation the critical factors has been the subject of a number of studies. So, by evaluation and ranking the critical success factors, this research gives a way out for the managerial planning of the project in Indian construction industry. The critical success factors are analytical of the subjects which could make the organization successful; if there is a shortage in these fields, the organization would be unsuccessful in achieving their goals. The organizations should focus on the more competent factors or so-called the critical success factors taking into consideration their restrictions. According to Lehtiranta et al. [2], construction project success associated with multi-firm project organizations taking part in working together adequately. Project success, therefore, should be examined from a more holistic perspective than the traditional measures in terms of budget, schedule, and specifications. The success of construction projects is a primary subject for most governments, users, and communities. It is
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observed that in most of the literature that highlight the role of contractors which directly shows that the success of the project depends on the contractors. [3] Good performance of an organization can achieve the project success. Different researchers have all mention that human factors played a significant role in determining the success of a project. [4-6] The main purpose of this study is to recognize the effective factors in the success of Indian construction industry. This factor helps to achieve the success in a project. So it is very important to study critical success factor in the construction industry.
2. LITERATURE REVIEW Critical success factor (CSF) is a management word for a component which is basic for an organization or project to achieve their target. It is a critical factor or activity required for ensuring the success of a company or an organization. Identifying critical success factors can provide business teams insight into which tasks are truly important, providing points of reference from which to direct the success of a program or project. The concept of critical success factors was first introduced in the 1960s by researcher McKinsey & Co.'s D. Ronald Daniel, then further expanded on and popularized a decade later by John F. Rockart, an organizational theorist and senior lecturer at MIT's Sloan School of Management. [7] Table 1. Literature Survey Author Paulo Cesar Felix Osorio, L.G.Quelhas & L P Zotes
A Omran et al
Title of the paper “Critical Success Factors in Project Management: An Exploratory Study of an Energy Company in Brazil,” An Evaluation of the Critical Success Factor for the
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Understand the relationship among CSF in project management & outcome of the project. Effectiveness and efficiency of project management. The Analysis is done by using Cronbach’s alpha coefficient. Evaluate most critical success factor in of construction industry in Libya.
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