Study of innovative approach for Crisis Management

Abstract

is well known that projects rarely run according to plans and estimates. As frequently noted by researchers, delays and over costing are common phenomena in the construction industry worldwide. Due to several internal and external reasons, projects fall behind original schedules and run above the allocated budgets. In engineering and construction projects, plans and cost estimates are usually drawn to ensure that the work is carried out to the desired quality, in the allowed time, and within budget. However, we often hear about projects with delays and where the costs tend to be higher than depicted by budget. This problem of cost overruns and schedule delays is commonly facing the projects managed by the government authorities. This particular problem is being tackled as a crisis in the project lifecycle that might result in cancelling the project after initial execution or in finishing the project without delivering its goals and objectives.