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 timecost
implications