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The studies overview Vietnam is one of the developing nations in Asia with the GDP Gross Domestic Product growth rate is about more than seven per cent from 2005 to 2010 World Bank 2010 However the growth of economy cannot go without infrastructure development and the urbanization Therefore the Vietnamese government has also focussed on improving buildings roads and highways throughout the country Construction Industry in VietnamThe investment of the construction sector has reached gradually from VND Vietnamese currency 12292 billion approximate US 6146 million in 2005 to VND 30679 billion approximate US 153395 million General Statistic Office 2011 However the effectiveness of this investment is still a question to the government Many problems have arisen during the construction projects application The essential cause is loss of the capital in construction out of which two main concerns are delay and cost overruns Along with delay and cost overruns the frequently faced consequences are project failure reduction of profit margin and loss of belief of the citizens in government funded projectsIts often been said that project management really consists of two major phases doing the right project and doing the project right Ensuring that your project is based upon a true need and justified from a business standpoint are two aspects of doing the right project Project planning on the other hand is all about doing the project right Project planning gets more attention that any other aspect of project management and justifiably so Its hard to imagine how a project could be successful without some planning Heerkens 2002Challenges of Construction ProjectsThe completion of public projects is mandatory within the estimated time and budget However time delay always happened in large construction projects in Vietnam The main reason for this circumstance is poor management particularly the improper planning and scheduling Nguyen et al 2004 This issue does not only happen in Vietnam but many other Asian countries The Dung Quat Refinery DQR construction project
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