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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD)
An International Open Access Journal |   ISSN: 2456-4184 |  IMPACT FACTOR: 5.57

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Volume 4 | Issue 7

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Paper Title: Evaluation of Success Factors in Construction Industry by using RII
Authors Name: PRATIK ASHOK POL , Prof. B. A. Konnur
Author Reg. ID:
IJNRD_160071
Published Paper Id: IJNRD1704008
Published In: Volume 2 Issue 4, April-2017
Abstract: Abstract - Success has been the ultimate goal of every business activity. It is highly important for the organizations to be successful in their businesses in order to survive in competitive business environments such as construction. Thus, construction companies have to adopt these applications and develop appropriate strategies to be more competitive in this industry and get success in their businesses. The different success parameters for projects in this industry are cost, time and quality. In this study, an attempt is made to identify the critical success factors, which attributes towards the success of the construction project. Forty crucial success factors were identified through an extensive literature survey. A two stage questionnaire-based survey was conducted to solicit the consistent judgment of 50 experts working in different sectors like real estate as well as in infrastructure having a wide experience, which they have gained during their involvement in the construction field. Twenty success factors were identified by Relative Important Index as the most crucial factors, which govern the success of the project according to analysis of the first stage responses. Some of the critical success factors obtained after analysis are Availability of material resources, Project manager’s competence, Timely payment of contractor/ consultant, Technical capability of contractors/ Experience of the contractor, adequacy of design details and specification, good co-ordination among project participants, a regular progress meeting on projects, excellent technical capability of the contractor, etc. The second stage survey helped to evaluate the extent of critical of these factors in to three categories as super critical, critical, and sub critical with reference to the indicated performance.
Keywords: Index Terms - Relative Important Index (RII), Success Attributes, Failure Attributes, etc.
Cite Article: "Evaluation of Success Factors in Construction Industry by using RII", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.2, Issue 4, page no.30-34, April-2017, Available :http://www.ijnrd.org/papers/IJNRD1704008.pdf
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