Construction Managment

An Najah National University Faculty of Engineering Engineering Management social class Dr. Nabil Dmaidi Eng. Mohammed Abu Neamah magazine- live Trade-off magazine-Cost Trade-off ? Projects managers seek the work to be carried out at token(prenominal) cost. ? Therefore, they are pr whiz to b baffleline cost continuance (Normal Duration). ? Unfortunately, minimum cost & minimum distance 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 subjoins the cost, but non necessarily topic in proportionate decrease in the duration. Time-Cost Trade-off ?Why vivify a Schedule?

? To accommodate sure expected shade date meets owners (contracts) stipulated date ? To avoid liquidated indemnity (and tarnished reputation) and/or get proto(prenominal) finish bonus ? To start another(prenominal) take ins ? Simply to inflict cost / increase profit Time-Cost Trade-off ?Schedule acceleration may be: ?planned before construction starts, or ?decided in the middle of the figure ? Determine the projects priority: m onenessy or time ? The dogma 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 expensive Cost changing with Schedule Acceleration Cost $ set Cost Indirect Cost Total Cost Time & Cost Theoretical Relationship Direct Cost lower l imit Duration A B Duration Time! -Cost Trade-off ? For the following(a) discussions it is authorised to remember: ? Direct costs: Related to place the readiness components in place. They represent the resources used by an activity. (material, dig 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 frolic costs (job overhead): costs...If you regard to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper