Cost Optimization by Resource Allocation of an Ongoing Project Using Primavera P6

2018 ◽  
Vol 4 (9) ◽  
pp. 9
Author(s):  
Prof. M. C. Paliwal ◽  
Divya Chouriya
Keyword(s):  
Resource Allocation ◽  
Time Management ◽  
Cost Optimization ◽  
Construction Project ◽  
Management Tool ◽  
Planning And Scheduling ◽  
Vital Importance ◽  
Total Project ◽  
Ongoing Project

Implementation of construction project needs a proper planning and scheduling is of vital importance for the project to be executed and run smoothly. A best schedule has to be prepared in such a way that meets the primary objectives of the total project. Those essential destinations are to make a quality venture, finished on time, inside spending plan, and in a sheltered workplace. Consequently in this investigation a progressing development venture is taken and the execution of the undertaking is contrasted and the calendar with the assistance of Primavera. With the help of management tool like primavera, one can manage the scheduling, resource allocation and also time management in a proper and easy way.

scholarly journals A Comprehensive Review on Cost Optimization by Resource Allocation Using Primavera

2018 ◽  
Vol 4 (9) ◽  
pp. 1-4
Author(s):  
Prof. M. C. Paliwal ◽  
Divya Chouriya
Keyword(s):  
Resource Allocation ◽  
Resource Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Cost Optimization ◽  
Vital Role ◽  
Planning And Scheduling ◽  
Important Place ◽  
Comprehensive Review ◽  
Total Project

Resources play vital role in construction projects. The performance of construction industry depends chiefly on how best the resources are managed. Optimization play pivotal role in resource management, but task is highly haphazard and chaotic under the influence of complexities and vastness. Management always looks for optimum utility of resources available with them. Hence, the project management has got important place especially in resource allocation and smooth functioning with allocated budget. To achieve these goals and to exercise enhance optimization certain tools are used for resource allocation optimally. Implementation of construction project needs a proper planning and scheduling is of vital importance for the project to be executed and run smoothly. A best schedule has to be prepared in such a way that meets the primary objectives of the total project. Those essential destinations are to make a quality venture, finished on time, inside spending plan, and in a sheltered workplace.

scholarly journals Cost Optimization by Resource Allocation of an Ongoing Project Using Primavera P6

2019 ◽  
Vol 5 (9) ◽  
pp. 1-7
Author(s):  
Prof. M. C. Paliwal ◽  
Divya Chouriya
Keyword(s):  
Resource Allocation ◽  
Cost Optimization ◽  
Basic Part ◽  
Significant Development ◽  
Business Opportunity ◽  
Ongoing Project

The development business assumes noteworthy part in the economy of creating nations. For instance, in numerous creating nations, significant development exercises represent around 80% of the aggregate capital resources, 10 % of their GDP, and over half of the riches put resources into settled resources. Moreover, the industry gives high business opportunity, most likely next after agribusiness. In spite of the development business' huge commitment to the economy of creating nations and the basic part it plays in those nations advancement, the execution of the business still remains by and large low. As noted, numerous ventures in creating nations experience extensive time and cost invades neglects to understand their expected advantage or even completely ended and surrendered previously or after their finish. Also, the improvement of the development business in creating nations by and large falls a long ways behind from different ventures in those nations and their partners in created countries. The development business in creating nations neglected to meet desires for governments, customers and society overall.

scholarly journals STUDY AND APPLY ACO ALGORITHM IN TIME-COST OPTIMIZATION OF CONSTRUCTION PROJECT

2010 ◽  
Vol 13 (1) ◽  
pp. 17-30
Author(s):  
Luan Hong Pham ◽  
Nhan Thanh Duong
Keyword(s):  
Cost Optimization ◽  
Construction Project ◽  
Heuristic Method ◽  
Ant Colony ◽  
Ant Colony System ◽  
Time Cost ◽  
Project Duration ◽  
Proposed Model ◽  
Feasible Solutions ◽  
Computational Resources

Time-cost optimization problem is one of the most important aspects of construction project management. In order to maximize the return, construction planners would strive to optimize the project duration and cost concurrently. Over the years, many researches have been conducted to model the time-cost relationships; the modeling techniques range from the heuristic method and mathematical approach to genetic algorithm. In this paper, an evolutionary-based optimization algorithm known as ant colony optimization (ACO) is applied to solve the multi-objective time-cost problem. By incorporating with the modified adaptive weight approach (MAWA), the proposed model will find out the most feasible solutions. The concept of the ACO-TCO model is developed by a computer program in the Visual Basic platforms. An example was analyzed to illustrate the capabilities of the proposed model and to compare against GA-based TCO model. The results indicate that ant colony system approach is able to generate better solutions without making the most of computational resources which can provide a useful means to support construction planners and managers in efficiently making better time-cost decisions.

scholarly journals Planning and Scheduling of Nagpur Metro Project using Smart-sheet tool

2021 ◽  
Vol 9 (8) ◽  
pp. 1032-1035
Author(s):  
Janhvi A. Sahare
Keyword(s):  
Project Management ◽  
Phase 1 ◽  
Cost Optimization ◽  
Software Tool ◽  
Project Manager ◽  
Planning And Scheduling ◽  
Management Software ◽  
Project Management Software ◽  
Time Required ◽  
Complex Project

Abstract: Smart-Sheet is a project management software product, developed and sold by Smart consultancies. It is designed to assist a project manager in developing a plan, assigning resources to tasks, tracking progress, managing the budget, and analysing workloads. Smart sheet can be used as a standalone tool for tracking project progress or it can be used for tracking complex project distributed in many geographical areas and managed by a number of project managers. Smart Sheet is designed to assist a project manager in: 1) Developing a plan, 2) Assigning resources to tasks, 3) Tracking progress, 4) Managing budget and 5) Analysing workloads. In this study an effort is made to estimate the changes in overall cost and time required to execute the phase 1 work of Nagpur metro rail project when done by conventional execution approach and when done by project management software tool of smart sheet Keywords: Project management, Smart sheet, Conventional construction execution, Cost optimization, Time optimization, Resource optimization.

scholarly journals DEVELOPMENT OF METHODOLOGY FOR TIME MANAGEMENT OF CONSTRUCTION PROJECT

2016 ◽  
Vol 62 (02) ◽  
pp. 102-112 ◽  
Author(s):  
S.V. Bovteev ◽  
S.V. Kanyukova
Keyword(s):  
Time Management ◽  
Construction Project

scholarly journals ENHANCING CONSTRUCTION INTERFACE MANAGEMENT USING MULTILEVEL INTERFACE MATRIX APPROACH / RYŠIŲ VADYBOS STATYBOJE GERINIMAS TAIKANT ĮVAIRIALYGIŲ RYŠIŲ MATRICOS METODĄ

2012 ◽  
Vol 18 (1) ◽  
pp. 133-144 ◽  
Author(s):  
Fu-Cih Siao ◽  
Yu-Cheng Lin
Keyword(s):  
Construction Projects ◽  
Construction Project ◽  
Project Performance ◽  
Management Tool ◽  
Pilot Test ◽  
The Novel ◽  
Matrix Approach ◽  
Interface Management ◽  
Additional Work ◽  
Project Participants

Many interfaces typically exist in the construction phase of a project. Since project participants usually fail to share interface information, most interfaces are difficult to solve effectively during that phase. Furthermore, future activities might not be implemented based on changes made by predecessors. In practice, failure to manage interfaces may result in additional work or in low project performance. In order to manage construction interfaces effectively, this study proposes the novel Multilevel Interface (MI) Matrix approach to enhance interface management during the construction phase of construction projects. By using the MI matrix approach, construction interface issues will be tracked and man-aged easily and effectively. Furthermore, this study develops a construction web matrix-based interface management (WMIM) system integrated with the proposed MI Matrix approach. The MI matrix approach and WMIM system are applied to a pilot test to illustrate how to support interface management during the construction project. As results of the pilot test indicate, the MI matrix approach and WMIM system provide an effective interface management tool for the construction phase. Santrauka Statybos projekto statybos darbų etapui būdinga tai, kad su įvairiais subjektais palaikoma gausybė ryšių. Daugumą jų šiame etape veiksmingai palaikyti dažniausiai ne itin lengva, nes projekto dalyviai paprastai informacija apie juos nesidalija. Be to, perimantys darbą gali ir nesiremti savo pirmtakų padarytais pakeitimais. Praktine prasme nesugebant valdyti ryšių, gali tekti darbus perdaryti arba projekto efektyvumas gali sumažėti. Efektyviam su statyba susijusių ryšių valdymui šiame darbe siūlomas novatoriškas įvairialygių ryšių (ĮR) matricos metodas, leidžiantis pagerinti ryšių valdymą statybos projekto statybos darbų etape. Taikant ĮR matricos metodą lengva veiksmingai sekti ir valdyti statybų ryšių klausimus. Be to, atliekant tyrimą sukuriama projekto dalyviams skirta internetinė matricinė statybų ryšių valdymo (WMIM) sistema, į kurią įtrauktas siūlomas ĮR matricos metodas. Taip pat, taikant ĮR matricos metodą ir WMIM sistemą, atliekamas bandymas, rodantis, kaip jie padeda valdyti statybos projekto ryšius. Bandymo rezultatai rodo, kad ĮR matricos metodas ir WMIM sistema – tai efektyvi ryšių valdymo priemonė statybos darbų etape.

Time management part I: goal setting as a planning tool

2008 ◽  
Vol 21 (2) ◽  
pp. 61-63 ◽  
Author(s):  
Gary Fitsimmons
Keyword(s):  
Goal Setting ◽  
Time Management ◽  
Planning Process ◽  
Performance Standards ◽  
Management Tool ◽  
Good Time ◽  
Planning Tool ◽  
Leadership Performance ◽  
Content Type ◽  
Leadership Quality

PurposeThis paper aims to establish the leadership quality of good time management as the second of the “leadership performance standards” introduced in the first installment of this column and begins with proper goal setting as a powerful time management and planning tool.Design/methodology/approachThe paper introduces planning as the first key to good time management, and then establishes the place of goal setting in the planning process. It covers personal work goal setting and setting goals for subordinates.FindingsThe paper finds that career goal‐setting can be used effectively as a time‐management tool to aid in departmental and organizational goal‐setting and planning.Originality/valueThe value of using this approach is in more fulfilled employees offering more effective service.

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