Project crashing to solve Time-Cost Trade-Off

International Journal of Civil Engineering

© 2016 by SSRG - IJCE Journal

Volume 3 Issue 1

Year of Publication : 2016

Authors : Anagha Katti, Milind Darade

10.14445/23488352/IJCE-V3I1P103

How to Cite?

Anagha Katti, Milind Darade, "Project crashing to solve Time-Cost Trade-Off," SSRG International Journal of Civil Engineering, vol. 3,  no. 1, pp. 10-27, 2016. Crossref, https://doi.org/10.14445/23488352/IJCE-V3I1P103

Abstract:

n the construction industry, project time & project cost are given upmost priority. But since there are innumerable uncertainties involved in construction, delays in project completion are fairly common which lead to an increase in project’s total cost. Thus project time crashing plays an important role in project management determining which activities duration to crash to complete the project in the stipulated time. But crashing the duration will mean adding more resources which will lead to an increased additional cost of the project. Thus, the paper deals with determining how to crash the project duration so as to complete the project at the earliest with minimum added cost obtaining a Time- Cost Tradeoff for the project. This paper provides a framework for reducing total project time at the least added total cost by crashing the duration of an actual residential building construction project. The project is scheduled in Microsoft Project and crashed using the Solver add-in of Microsoft Excel.

Keywords:

The project is scheduled in Microsoft Project and crashed using the Solver add-in of Microsoft Excel.

References:

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