COST MANAGEMENT IN CONSTRUCTION PROJECTS

Abstract

The reality of most project scheduling applications is extremely complex; project managers must
make task start decisions under different scheduling needs (such as smooth resource utilization profiles and resource
constraints) and under conditions of uncertainty that sometimes extend beyond task durations. Resource
Management is a difficult task due to inherent complexity of construction projects. The present study deals with
resource planning for a fast-track project with constrained durations. The study was carried out in two phases. In
the first phase, I have been taken a plan of G+2 Residential building. From the plan I am estimated the quantities
for various activities. According to the Standard Schedule Rates (CPWD) the manpower and cost required for
various activities were estimated. By using Microsoft Project software project schedule was prepared. The requisite
data was collected from the detailed drawings and prevailing site conditions. In the second phase, a Resource
(Cos)t Constrained Analysis was carried out by Resource Levelling for various activities by decreasing
resources with increased duration to study the time-cost implications