Abstract: The construction industry is truly the engine of national economy through which the total of physical development is achieved. The construction industry is a vital element of the economy and has a significant effect on the efficiency and productivity of other industry sectors. One cannot think of widespread investment in manufacturing, agriculture, or service sectors unless the construction results of infrastructure facilities are in place. In some of the developing countries, the growth rate of construction activity outstrips that of population and of GDP (Chitkara, 2004).
Cost, time, and quality are used to measure the accomplishing it within specified cost, time and quality. However, the construction industry is full of projects that are completed with significant time and cost overruns (Amhel et al., 2010). According to Faridi et al. (2006) delays have an adverse impact on project success in terms of time, cost, quality and project performance and success. Generally, the success of a project is defined by safety. The effects of construction delays are not confined to the construction industry only, but influence the overall economy of a country.
Keywords: Cost; Time; construction industry.
Title: Risk Factors That Leading to Cost and Time Overrun in Mega Construction Projects in Malaysia
Author: Ammar Ali
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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