Construction project delays costing millions, new study reveals critical success factors.
Construction projects often face delays and go over budget, causing problems for everyone involved. A study looked at factors that lead to delays and success in construction projects. They found that identifying critical factors can help project parties achieve their goals more effectively. By analyzing data from real projects, the researchers pinpointed key factors that need attention to minimize delays. They also developed a statistical model to predict project duration accurately, helping construction parties manage projects more efficiently.