Strategic Approaches of Project Managers to Enhance Cost Efficiency and Timeliness in Construction Projects
Year: 2025
Type: article
Abstract: This paper explores the crucial problems of delays and cost overruns in the building industry, acknowledging that these problems are costly and can cause conflict. Four main reasons are found by looking through the literature: external factors, owner responsibility, contractor responsibility, and consultant duty. The article promotes the use of the Building Information Model (BIM) as a potent tool for effective project management in order to overcome these issues. The benefits of BIM—better estimating, collision detection, and integration, among others—are discussed, with an emphasis on how they help to lower delays and budget overruns. The article emphasizes the need of thorough project planning, control, and monitoring and suggests using modern computer technology to increase feasibility and transparency. To guarantee on-time payments and project completion, the significance of cash flow management and an expedited implementation process is emphasized. The conclusion exhorts technical departments and building companies to use contemporary technologies, offering centralized blueprints, comprehensive plans, and qualified labor for accelerated projects. In general, the paper advocates for a proactive strategy to surmount obstacles, enhance project results, and promote expansion within the construction industry
Author: Abhishek Tripathi
Institution: ITM University
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4413988663