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Introduction And Objectives Of The Study. Introduction

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Introduction and Objectives of the study INTRODUCTION - A project is a temporary endeavour undertaken to create a unique product, service or result. Selecting projects is often a difficult task. Usually there are more than one dimension for measuring the impact of each project and especially when there is more than one decision maker. The criteria being considered always vary from one contractor to another. Some may only consider the revenue and value of project, whilst some may focus on its financial of owner, knowledge of supervisor and so on. Construction projects often fail to achieve their time, budget, profitability and quality goals. The analytic hierarchy process (AHP) is a new approach that can be used to analyse and assess …show more content…

When actual bidding conditions do not take into account realistic concerns and attitudes of bidders, the available pool of prospective bidders will dry up. Bidding activities must be interwoven among the normal high priority operations of keeping the previously contracted work serviced and operating in the field. Contractors will not normally elect to risk and possibly waste their funds and time on a bidding competition unless the conditions appear advantageous. They will not ordinarily participate in all available bidding opportunities but will selectively decide which to enter on the basis of numerous practical and subjective considerations. We have tried to device a methodology where in AHP technique can be used to solve in this problem of project selection. LITERATURE REVIEW: Literature Review is done in order to obtain the data regarding the work already done in this area. It will enable in obtaining the already identified success factors considered for project selection. The data for the same will be collected through Internet, Online Portals, Journals, Magazines, Books and Case Studies. I have conducted the literature review with the aim of discovering the areas or fields where AHP has been successfully applied. Then, I have narrowed down my search to papers & articles pertaining to the area of interest

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