OPTIMIZING TIME AND COST

OF G+7 RESIDENTIAL BUILDING

(PROJECT GUIDE: PROF. TARRANUM KHAN)

 RAJAT BHOIR
 ASHISH FULGONDE
 HITESH LAD
 YASH SHAH

 -GROUP NO-16
 SUMMARY OF SEM -7th WORK
To use optimization software which is able to find
INTRODUCTION optimal solutions, to solved project crashing by critical
path method using excel and to allow the project
manager to make optimum time-cost of project.

1.Time cost trade off analysis in construction project

LITERTURE By- S.K.Biswas, Cl Karmarkar and Tk Biswas
REVIEW
2. Project time-cost trade off. By- Dr. Emad Elbeltagie

3. Project crashing to solve time and cost trade off

By- Anagha Katti And Milind Darade

4.Time cost optimization techniques By- Mr.Bhushan,

Prof.Rahul S. Patil

5.Time cost project management with solved By- Helena

Gaspers-Wieloch
 SITE Name : PCPL Construction.
SELECTION Location : Malad West
Residential Building (G+7)

DATA
COLLECTION
 SITE VISITED

 Name : PCPL Construction.

 Location : Malad West
 WORK DONE
(BETWEEN PRIVIOUS PRESENTATION TO TILL DATE)
 METHODOLOGY

 USING PRIMAVERA TO PLAN & SCHEDULE THE PROJECT:

A Myriad Of Details Are Considered In Planning How To Coordinate All The

RCC Activities, In Developing A Realistic Schedule. Of The Many Project Management
Software's, Primavera Is The Most Commonly Used Software To Deal With All The Data
Needed To Develop Schedule Information.

The Various Activities Are Linked By The Software In Terms Of Their

Predecessors And Successors .Once Completed, The Total Time Required To Complete The
Project Is Displayed.

 USING MS EXCEL TO SCHEDULE THE PROJECT WITH CPM:

Each Activity Is Scheduled By Calculating Its Earliest & Latest Times

(Es/Ef/Ls/Lf) In Ms Excel With The Help Of Specific Formulae.
USING EXCEL SOLVER TO CRASH THE PROJECT AND SOLVE THE TIME-
COST TRADE-OFFS:

The Problem Of Finding The Least Expensive Way Of Crashing Activities And
The Consequent Time-cost Trade-off Can Be Rephrased In A Form More Familiar To Ms
Excel Sheet And Solved Using Ms Excel Solver Add-in.
 RESULT

 Crashing of any project must be undertaken only when the

benefits received from crashing are more than the actual cost of
crashing.

 It can be used when a project fall behind schedule and needs to

catch up , or to finish the project sooner than originally
scheduled. The two techniques you can use to shorten the
project duration while maintaining the project scope fast
tracking and crashing.