ASSESSMENT OF PROJECT TIME AND COST OVERRUN: THE CASE OF PROJECTS AT ETHIOPIAN MINISTRY OF MINES

Abstract

In Ethiopian project management, time and cost have been major issues. In general, most projects, particularly in the mining industry, are experiencing time and cost overruns. As a result, doing research in this area was critical in understanding the causes and effects of cost and time overruns in mining projects overseen by the Ministry of Mining of the Federal Democratic Republic of Ethiopia. The purpose of this study is to assess 3 projects in the Ministry of Mining of the Federal Democratic Republic of Ethiopia in terms of time and cost overrun. The study has adopted both quantitative and qualitative research approach. Data on project duration and cost was gathered via a desk review of various Progress Reports and Project Completion Reports. The second phase was used a questionnaire survey were developed to identify and score the effects of time and expense overruns, as well as control measures, using a Likert scale. A total of 50 questionaries were distributed and 100% or 50 questionaries were obtained valid which were used for analysis that shows the existing project time and cost management practices look like in the ministry as well as identifying the main Factors Influencing Time and Cost overrun in mining projects managed by Ethiopian ministry of mining. A related literature review was used to develop a list of factors relevant to the complete study.