Envisioning delays: An accelerator for Innovation

Rao, Prakash B and Rammmurthy, Nagesh and Shetty, Prathiksha (2013) Envisioning delays: An accelerator for Innovation. In: National Conference on Emerging Business Opportunities & Challenges, March 22 and 23, 2013.

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Abstract

World over failures of projects are attributed to failure in completion on-time.Non-completion within scheduled time is time delay that has led construction sector to innovate numerous methods to shorten project schedule time. 'Delays in construction projects are inevitable', is not a misnomer. This is proven several times over with failed projects, on schedule, outnumbering successful ones. Projects successfully completed on-time too had delays within its construction cycle. It is due to additionai thrust using costs on these delayed activities that the final outcome is completed on time. While deJay is small dosageslea deviations that are sometimes irreversible. Managing delays using management system, will ease analysis of situation for a structuredd making process. As required for any plan, a delay management planrequ systematic approach through assessment of causes (source, input) anditse(Impact, output). The requirement of this management area is to have aneffecsystem, created systematically, which in tum needs integration to an exi organization and operational systems and processes. Our study is intended understand causes and effects of project delays, in all proportions. Crealin modular system which would facilitate envisioning of possible impacts of is being attempted. The objective of this sysfem is not only to possibly fores problems due to delays, but also to be a catalyst to create resolutions for sue problems, beforehand. The output of this system would allow inputs (insights)for many other management areas such as risk, crisis, procurement, resource,information and others. Pareto principle, a natural phenomenon of vital few,is extensively used in projects to allocate time, effort and resources to yield input optimization, intended results, and profits. In project exe~ution phase, specifically in areas involving Procurement and Quality Control this principle is widely used.In this study attempts are made to find correlation between Pareto principle and the management of delays.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Construction delays, Project management, Cost overruns
Subjects: Engineering > MIT Manipal > Civil Engineering
Depositing User: MIT Library
Date Deposited: 01 Feb 2014 07:30
Last Modified: 01 Feb 2014 07:30
URI: http://eprints.manipal.edu/id/eprint/138570

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