The document is a study by KPMG and Project Management Institute (PMI) on drivers for success in infrastructure projects in India in 2010. It analyzes reasons for cost and time overruns based on interviews with over 100 executives. The key findings are:
1) The biggest reasons for cost overruns are frequent design changes, scope creep, and material price escalations over the project duration.
2) Material input costs are highly susceptible to escalations and are a major contributor to overall cost increases.
3) Regulatory approvals delays and land acquisition issues are the primary causes of time overruns, followed by weak project planning and monitoring.