Abstract:
Every construction project is unique in nature; it
needs certain resources, viz. man, material, machinery, money,
methodology, time etc. in addition to conducive environment
required for its successful execution. To complete any
construction project vis-a-vis planned objectives within the
allotted budget and stipulated time is always a difficult task for
the management. With the continuous decline in profit margins
and greater competition in construction projects, construction
contractors are finding ways of eliminating waste and increasing
profit. Although numerous approaches have been developed to
improve efficiency and effectiveness of construction processes,
there still seems lack of proper research to predict the
performance of a particular parameter based on other factors
affecting the project. Here, an attempt has been made to
correlate the resource utilization for both traditional as well as
fast-track construction, which would ultimately help project
stakeholders, decide the optimum use of available resources. The
objectives of this paper is to conduct a questionnaire survey on
construction projects executed with both traditional and
fast-track approach and determine Karl-Pearson’s correlation
co-efficient between two independent projects (one traditional
and one fast-track) w.r.t optimum resource utilization. In
essence, this crux of this exercise is to help project stakeholders
predict the approach to be adopted for a particular project.
