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Subscribe to this list via RSS Blog posts tagged in Delay Analysis

‘Project Delay’ is a term known to all the professionals in Engineering, Construction and Project Management (ECPM) industry, which is rightly so, as statistics and experience shows that up to 80% construction project fail to finish within the duration or completion dates specified in their construction contracts. 

Delayed project means additional cost to project stakeholders. For owner and end user the additional cost may be due to late realization of project benefit, for project sponsor due to financial charge, and for contractor due to cost of the additional resources for the extended time, there may be several other costs and theirs combinations to the individual stakeholders – however, the fact that remains at core is – ‘Project Delay’ cost dearly. Adding to this, the fact that makes delay issues complicated is while the delay may be caused by a party, other stakeholders suffers as well.  

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in Project Controls 5032
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