RESOURCE MANAGEMENT IN CONSTRUCTION PROJECT

Abstract

                Construction industry is the largest industry next to agriculture with huge resources. Construction projects refers to high stake endeavour employing several resources such as men, materials, equipment,finance etc.achieving predetermined performance objectives using management techniques. Resource management is one of the problems faced day to day in a construction project.The construction industry exists in an environment that is both economically and technologically dynamic. Firms may find themselves financially unable to take advantage of cost saving developments in one-time period and suffer subsequently by being unable to compete with newly developed technological innovations. In addition, the industry depends directly upon the requirements of a changing society and new technological demands for its own viability.Construction projects contain numerous inter-dependent and inter-related activities. These companies face the challenge of finishing the work within scheduled time and within the budget. It requires various resources and needs time for its completion. The main factor in successful implementation of the project not only depends on the quality and quantity of work, but also largely depends on utilisation of resources.