Evaluating factors in project budgeting and schedule overrun (case study of PT.XYZ Indonesia)
The purpose of this study is to evaluate the factors that may lead to budget and scheduling overrun. Qualitative and quantitative methods are incorporated in this study to understand detail causes of the project overrun. Primary and secondary data searches are included in this study, which cover interview sessions and data attainment from PT. XYZ Indonesia. The analyses cover the overall planning and actual project. The research started with a comparison between the actual and the planning of the project. At the later phase, as problems have been identified; schedule changes and poor control during the project appear as the basic reasons on the project overrun. To anticipate the problems, PT. XYZ Indonesia executed their contingency planning; the combine resources, it was to combine full skilled and semi skilled workers. The contingency planning was fully beneficial in terms of cost reduction regarding to the schedule overrun.
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