Time-Cost-Quality Trade-off in Construction Project Management

International Journal of Civil Engineering

© 2017 by SSRG - IJCE Journal

Volume 4 Issue 8

Year of Publication : 2017

Authors : Anagha Anirudh Galagali

10.14445/23488352/IJCE-V4I8P104

How to Cite?

Anagha Anirudh Galagali, "Time-Cost-Quality Trade-off in Construction Project Management," SSRG International Journal of Civil Engineering, vol. 4,  no. 8, pp. 24-31, 2017. Crossref, https://doi.org/10.14445/23488352/IJCE-V4I8P104

Abstract:

The three interrelated and conflicting objectives of any project are time, cost, and quality. In today’s competitive business environment, delivering projects in the least possible time, with maximum quality and minimum cost has got a critical issue for project managers. Project time crashing plays an important role in project management determining which activities duration to crash to complete the project in the stipulated time. In this paper, it is suggested that the project quality may be affected by project crashing and an actual construction project has been considered to study the tradeoffs among time, cost, and quality. The purpose is to highlight the managerial insights gained, as well as pointing out key problems and difficulties faced. The project is scheduled in Microsoft Project and crashed using the Solver add-in of Microsoft Excel. Using this construction example, quality level curves are generated to illustrate the trade-offs among time, cost, and quality. These level curves can then be used by project managers to make project scheduling decisions that explicitly model and consider quality as well as time and cost, so that better and more appropriate decisions can be made for a particular situation.

Keywords:

Time-cost-quality trade-off, project crashing.

References:

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