Construction Managment

An Najah National University Faculty of Engineering Engineering Management vogue Dr. Nabil Dmaidi Eng. Mohammed Abu Neamah magazine- live Trade-off  epoch-Cost Trade-off ? Projects managers seek the work to be carried out at token(prenominal) cost. ? Therefore, they are pr whiz to tokenish cost continuance (Normal Duration). ? Unfortunately, minimum cost & minimum duration rarely coincide. Time-Cost Trade-off ? The cost of an activity depends mainly on the amount of utilise resources. ? Adding more resources to an activity additions the cost, but non necessarily topic in proportionate decrease in the duration. Time-Cost Trade-off ?Why vivify a Schedule?

? To shuffling sure expected shade date meets owners (contracts) stipulated date ? To avoid liquidated indemnity (and tarnished reputation) and/or get earlyish finish bonus ? To start another(prenominal) take ins ? Simply to wither cost / increase profit Time-Cost Trade-off ?Schedule quickening may be: ?planned before construction starts, or ?decided in the middle of the ramble ? Determine the projects priority: m matchlessy or time ? The teach of schedule compression: Shorten the longest (critical) path in the project ? This compression is achieved by cutting the duration of one or more activities along the critical path ? As we underwrite compressing, the process becomes more difficult and more dearly-won Cost changing with Schedule Acceleration Cost $ localize Cost Indirect Cost Total Cost Time & Cost Theoretical Relationship Direct Cost nominal Durat ion A B Duration Time-Cost Trad! e-off ? For the followers discussions it is authorised to remember: ? Direct costs: Related to putting the readiness components in place. They represent the resources used by an activity. (material, crusade and equipment). ? Cost directly related to the activity e.g. Labor, Material. ? They tend to increase as activity duration decreases Time-Cost Trade-off ? Indirect crease costs (job overhead): costs...If you regard to get a full essay, come in it on our website: OrderCustomPaper.com

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