Performance Assessment of ongoing Construction projects under Town Development Fund, Nepal
Keywords:
Time Performance, Cost Performance, Earned Value Analysis, standard deviation, percentAbstract
Problems related to performances of the construction projects appear through different directions. Most of the projects fail either in time performance or in cost performance or both. So, progress assessment of ongoing project is most. In this research, the performance indices (Cost performance index, CPI and Scheduled Performance Index, SPI) of the ongoing construction projects funded by German government-owned development bank KfW (Kreditanstalt für Wiederaufbau) through Town Development Fund (TDF) were calculated to find out the variance in planned and actual physical and financial parameters. Using Earned Value Analysis method, it was observed that though the projects were within stipulated budget, the time overrun is severe. The mean planned duration for the projects under study is 15.2 months with standard deviation of 1.03 months for 75 percent work completion (with standard deviation of 30 percent) while the mean actual duration for the projects were 24.70 months with Standard Deviation of 11.64 months for 53 percent work complete in average (with 43 percent standard deviation).Time overrun seems to be critical.
References
2. Dinakar A. Delay Analysis in Construction Project. International Journal of Emerging Technology and Advanced Engineering 2014; 4(5): 784-788.
3. Dummies-A wiley Brand. Earned Value Management Terms and Formulas for Project Managers [Online]
Available at: http://www.dummies.com/careers/ project-management/earned-value-managementterms-and-formulas-for-project-managers/ [Accessed 28 02 2016]. 2014.
4. Federation of Contractors’ Associations of Nepal, n.d. [Online] Available at: http://www.fcan.org.np/pages. php?pid=83.
5. Gidado K. Project complexity: The focal point of construction production planning. Construction Management and Economics. 1996; 14: 213-225.
6. Haughey D. Project Smart. [Online] Available at: https:// www.projectsmart. co.uk/what-is-earned-value.php. (Accessed 07 07 2016). 2015.
7. Nassar, Nadim K. An integrated framework for evaluation of performance of construction projects. Orlando, Project Management Institute (PMI). 2009.
8. Omran. Project performance in Sudan construction industry: Academic Research Journal 2012; 1(1): 55-78.
9. Town Development Fund, 2016. Town Development Fund. [Online] Available at: http://www.tdf.org.np/ new/. (Accessed 04 04 2016).
10. Town Development Fund, 25 April 2011. Lending and Grant Policy, Kathmandu: Town Development Fund.
11. Town Development Fund, February 2009. Loan and grant Policy for Town Development Program, Phase III, s.l.: Town development Fund.
12. Wood H, Gidado K. Project Complexity in Construction. Brighton, University of Brighton. 2010.
13. Chiluwal K, Mishra AK. Construction Practice of Small Hydropower Projects in Nepal,International Journal of Creative Research Thoughts 2017; 5(4): 1417–1433.
14. Chiluwal K, Mishra AK.Factors Affecting Performance of Small Hydropower ConstructionProjects in Nepal Journal of Emerging Techonologies and Innovative Research 2018; 5(6): 262-271.
15. Chiluwal K, Mishra AK. “Impact of Performance on Profitability of Small Hydropower Projects in Nepal” International Journal of Current Research 2018; 10(01): 63918-63925.
