Time & Cost Overrun in Construction of a Steel Plant in Asia: A Case Study

The paper presents a case study to investigate the delay, causes and its implications on the management & development of a steel plant project. Delay and cost overruns are common in construction projects and are not an exception. The results of the study reveal the main causes of delay and cost overruns in the completion of the project. Effective project planning, controlling, and monitoring are must to enhance project performance to minimize or avoid time and cost overruns in projects of similar nature.

Ashok Kumar, B.Sc. Engg.(Mech) & Keshav Ashok, B.E.(Mech)

Management Development of Steel Plant Project

Introduction

Managing projects encompasses situations or problems that may appear as planning issues, but may be a result of corporate culture, lack of line management support, procurement delay, land issues or may be even lack of contemporary project management tools and techniques.

The present case describes the management of the development of a $52.52 million Cold Rolling Mill (CRM) plant in Asia. The exact location of the CRM plant and names of the participants cannot be provided as the client wanted to remain anonymous.

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