Impact of Owners’ Involvement in the Success of Indian Infrastructural Projects
Keywords:Infra Structure Projects, India, Project Success, Time Over Run, Cost Overrun, Project Owner, Project Sponsor, Owners’ Involvement
Press reports are repeatedly stating that most of the Infrastructure Projects of India are running behind schedules, and obviously with cost over rums. Such time and cost overruns not only impact the expectation of the stakeholders adversely but shall hamper the development prospects of the country significantly. Often the Project management is blamed for their failures in meeting the project objectives. But the base organizations that champion the projects, who conceive them, arrange financial support and then handover to the project management professionals for getting them carried out are not active players in the project execution sphere. The base organizations which champion the projects and are of a permanent nature are defined as Project Owners by literature, while the Project management organizations are of temporary nature. Such owners are not aware of the roles and responsibilities that they should fulfil to ensure project success. The negative impact on time and cost overrun that could be achieved by the increased involvement and interventions by Owners is not well established even.This paper aimed to find out the key areas that call for the involvement of owners in various infra structural projects, and to assess how far the owners get involved in the management of public projects at present, in selected Project sites within India, by conducting a Questionnaire survey. Help from previous published works helped in designing the instrumentation for the survey. It was intended to find out the opportunities for improvement from the survey results. The results exposed a very strong negative correlation between the Owner’s contributions/ level of involvement with Time over run and Cost overrun. This revealed a significant opportunity for improvement in the success prospects of Indian Infra Projects.
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