Mitigating construction delays in Indian real estate projects through effective organizational and project management

IF 2.1 Q2 CONSTRUCTION & BUILDING TECHNOLOGY International Journal of Building Pathology and Adaptation Pub Date : 2024-01-02 DOI:10.1108/ijbpa-08-2023-0109
Dillip Kumar Das
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Abstract

PurposeThe delay in real estate projects in India is pervasive. Organization and management (O&M) and project management (PM)-related challenges are argued to contribute to project delays. This study examined the O&M and PM factors that cause delays, the level of implementation of various O&M and PM aspects in real estate projects and how the challenges can be alleviated.Design/methodology/approachPerception surveys among the consumers and relevant stakeholders engaged in real estate projects in the Bhubaneswar and Cuttack regions of India were conducted to collect data on the factors of delay and implementation of the O&M and PM aspects. Relevant statistical methods and structural equation modeling (SEM) were used for data analysis.FindingsFindings suggest that from the O&M point of view, poor decision-making, mishandling of finance, concurrent execution of many projects, diversion and misuse of finance for unrelated activities, lack of PM personnel and poor management contribute to the delay. Further, although the project initiation is satisfactorily done, most of the PM principles are not largely used, thus leading to delay.Research limitations/implicationsThe study does have limitations, including its reliance on a perception survey of consumers and stakeholders, a limited sample size and a restricted number of projects. Nevertheless, the study highlights the need to address poor O&M and the insufficient application of PM principles to combat project delays in the Indian real estate sector.Practical implicationsProper O&M and adequate application of PM will enable professional management of the projects and avoid delay.Social implicationsProper O&M and the application of adequate PM would reduce delays in real estate projects. Consequently, conflicts between the companies and consumers might be reduced and housing and infrastructure demands might be met.Originality/valueThe study manifested that the lack of adequate implementation of O&M and PM aspects leads to delays. So, it is theorized that O&M and PM play critical roles in the success of real estate projects. Appropriate implementation of the principles and best practices linked to these aspects might alleviate the challenges of delay in real estate projects in India.
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通过有效的组织和项目管理减少印度房地产项目的施工延误
目的 印度的房地产项目普遍存在延误现象。与组织和管理(O&M)及项目管理(PM)相关的挑战被认为是造成项目延误的原因。本研究探讨了造成延误的组织与管理和项目管理因素、房地产项目中组织与管理和项目管理各方面的实施水平以及如何缓解这些挑战。设计/方法/途径在印度布巴内斯瓦尔和卡特塔克地区从事房地产项目的消费者和相关利益方中开展了看法调查,以收集有关延误因素以及组织与管理和项目管理方面实施情况的数据。研究结果表明,从运行和维护的角度来看,决策失误、资金处理不当、同时执行多个项目、资金被挪用和滥用于无关活动、缺乏项目管理人员以及管理不善都是造成延误的原因。此外,虽然项目启动工作做得令人满意,但大多数项目管理原则并未得到广泛应用,从而导致了延误。 研究局限性/影响这项研究确实存在局限性,包括依赖于对消费者和利益相关者的看法调查、样本数量有限以及项目数量有限。然而,本研究强调了解决运行维护不善和项目管理原则应用不足的必要性,以应对印度房地产行业的项目延误问题。社会影响正确的运行维护和充分的项目管理应用将使项目得到专业管理,避免延误。因此,公司与消费者之间的冲突可能会减少,住房和基础设施需求可能会得到满足。因此,有理论认为,运行维护和项目管理对房地产项目的成功起着至关重要的作用。适当实施与这些方面相关的原则和最佳实践可能会缓解印度房地产项目延期的挑战。
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来源期刊
CiteScore
4.80
自引率
18.20%
发文量
76
期刊介绍: The International Journal of Building Pathology and Adaptation publishes findings on contemporary and original research towards sustaining, maintaining and managing existing buildings. The journal provides an interdisciplinary approach to the study of buildings, their performance and adaptation in order to develop appropriate technical and management solutions. This requires an holistic understanding of the complex interactions between the materials, components, occupants, design and environment, demanding the application and development of methodologies for diagnosis, prognosis and treatment in this multidisciplinary area. With rapid technological developments, a changing climate and more extreme weather, coupled with developing societal demands, the challenges to the professions responsible are complex and varied; solutions need to be rigorously researched and tested to navigate the dynamic context in which today''s buildings are to be sustained. Within this context, the scope and coverage of the journal incorporates the following indicative topics: • Behavioural and human responses • Building defects and prognosis • Building adaptation and retrofit • Building conservation and restoration • Building Information Modelling (BIM) • Building and planning regulations and legislation • Building technology • Conflict avoidance, management and disputes resolution • Digital information and communication technologies • Education and training • Environmental performance • Energy management • Health, safety and welfare issues • Healthy enclosures • Innovations and innovative technologies • Law and practice of dilapidation • Maintenance and refurbishment • Materials testing • Policy formulation and development • Project management • Resilience • Structural considerations • Surveying methodologies and techniques • Sustainability and climate change • Valuation and financial investment
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