• Akshay Sanjay Khadake
• Prof. Satish S. Deshmukh

The Indian construction industry plays integral role in economy of India. The time and cost are fundamental constraints which are needed to be considered in construction projects. It is necessary to manage these constraints in order to achieve the project success. Cost overrun and time delay are the major problems observed during construction projects so in order to identify these factors affecting time and cost, a survey is conducted with questionnaire. The respondents were asked to rate the listed causes on the basis severity of impact. Importance of each cause is calculated on impact. Relative Imporatance Index and Spearman rank order correlation analysis is used to evaluate whether consensus of opinions exists between Time and Cost. For the time and cost optimisation the mitigating measures are applied in order to develop standard operating procedures in construction projects.

Time, Cost, Optimisation, Construction.

"TIME AND COST OPTIMISATION BY DEVELOPMENT OF STANDARD OPERATING PROCEDURES IN CONSTRUCTION PROJECTS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.34-37, June 2019, Available :http://www.jetir.org/papers/JETIR1907N43.pdf

"TIME AND COST OPTIMISATION BY DEVELOPMENT OF STANDARD OPERATING PROCEDURES IN CONSTRUCTION PROJECTS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp34-37, June 2019, Available at : http://www.jetir.org/papers/JETIR1907N43.pdf