• Samruddhi M. Vibhute
• Nishant P. Baviskar
• Ajay D. Salunke
• Virbhadra C. Gajbhar

In the ever-evolving landscape of construction projects, the effective identification and quantification of critical delay factors play a pivotal role in project management. This research introduces a novel tool, the Economic Importance Index (EII), designed to address the limitations of existing methodologies. Unlike traditional survey-based approaches, EII offers a more nuanced and precise measure, considering not only the importance but also the impact and duration of delay factors. Through a comprehensive literature survey, this study identifies the need for a standardized method in delay quantification. The project aims to bridge this gap by developing the concept EII, providing a robust foundation for decision-making in the face of construction delays. The paper explores the methodology, application, and advantages of EII, and future research scope contributing to the refinement of delay analysis tools in the construction industry.

Delays, Delay quantification, Economic Importance Index (EII), Construction Project Scheduling

"Economic Importance Index: A New Approach To Quantify And Identify Critical Delay Factors In Construction Projects", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.c69-c73, November-2023, Available :http://www.jetir.org/papers/JETIR2311211.pdf

"Economic Importance Index: A New Approach To Quantify And Identify Critical Delay Factors In Construction Projects", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppc69-c73, November-2023, Available at : http://www.jetir.org/papers/JETIR2311211.pdf