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@article{173327,
        author = {Soumodeep Chatterjee and Dr H R Pradeep and Shankar Banerjee},
        title = {Analyzing Factors affecting Cost and Time overruns in Indian Public Sector Projects at Portfolio Level},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {10},
        pages = {146-161},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=173327},
        abstract = {The construction industry plays a crucial role in the economic development of developing and underdeveloped countries. Infrastructure quality is vital for a country's progress, and public sector projects are responsible for maintaining and improving it. However, many construction projects face delays, exceeding time, and cost estimates. Construction delays are a global issue, leading to cost overruns. Prioritizing cost efficiency at the portfolio level allows authorities to manage resources effectively while maintaining quality and completing projects on time. Research is needed to explore ways public sector entities can reduce project costs and ensure timely completion. The Research topic is inclined towards Indian Public sector projects. The targeted respondent for the survey questionnaire is industry professionals from the construction industry. The data collected through survey questionnaire is analysed through IBM SPSS & AMOS software. The Google Form Questionnaire contains 16 Main Factors affecting cost and time overruns in Indian public sector project at portfolio level. In this survey we received 296 responses, and the complete data was used for analysis. For Data analysis, Different methods of tests are performed in the research with the help of IBM SPSS & AMOS software like Cronbach’s Alpha for reliability, KMO for Sampling adequacy, Kendall’s W test for ranking of the key main factors, exploratory factor Analysis and confirmatory factor analysis. The Key findings from the study identification of the top 5 factors affecting cost and time overruns in Indian public sector at portfolio level. Top 5 factors affecting are C2 (Consultant Factors) Poor communication and coordination with the contractor and other project stakeholders affect both cost and time overruns, CL2 (Client Factors) Slow decision-making process affect time overruns, CL3 (Client Factors) Change in scope can affect both cost and time overruns, EX2 (External Factors) Any Political/Nonpolitical/Force majeure events can affect both cost and time overruns and EX3 (External Factors) Inclement weather conditions can affect time overruns. Recommendations were additionally given considering the top 5 factors, based on the construction groups and overall, in general for Indian public sector projects at the portfolio level, followed by the limitations and future scope of the work.},
        keywords = {Cost Overruns; Time Overruns; Public Sector Projects; Project Portfolio; Indian Construction industry},
        month = {February},
        }