Case Study On Time Cost Minimization Of Construction Project

Improved Essays
6.1 Case study
There are two classifications of costs associated with construction projects, direct costs and indirect costs. Direct costs include the labor, material and equipment operating costs necessary to put work in place. Indirect costs include supervision, job and home office overhead, profit, financing, and the cost of inflation. Direct costs can be allocated to each activity on the project. Indirect costs, on the other hand, cannot be realistically prorated and assigned to each separate activity.
Case study shows the all activities on performed on construction work. In this study we select an analysis on time cost minimization of construction of sewage treatment plant which is held in shivpuri under national lake conservation project. There are three option of each activity that performed in construction work. First option of each activity is based on work actually
…show more content…
work B A 1 0 0 16 0 0 1 2 0 0 0 0 0 35 0 1050000 2 0 0 30 0 0 2 4 0 0 0 0 0 20 0 1042500 3 0 0 10 0 1 0 2 1 0 0 0 0 16 0 1027500
3 steel work C B 1 0 0 7 0 0 0 0 0 3 1 0 0 120 0 11880000 2 0 0 10 0 0 0 0 0 5 1 0 0 100 0 13500000 3 0 0 8 0 0 0 0 0 4 1 0 0 110 0 12960000
4 shuttering D B,C 1 0 0 12 0 0 0 0 0 0 0 5 0 120 5 2790000 2 0 0 15 0 0 0 0 0 0 0 6 0 100 0 2700000 3 0 0 8 0 0 0 0 0 0 0 3 0 140 0 2835000
5 concrete casting E D 1 0 0 16 0 1 0 2 0 0 0 0 0 120 0 16784000 2 0 0 20 0 2 0 3 0 0 0 0 0 100 0 17236000 3 0 0 8 0 1 0 2 1 0 0 0 0 90 0 18240000
6 painting F E 1 0 0 3 0 0 0 0 0 0 0 0 4 15 0 585000 2 0 0 2 0 0 0 0 0 0 0 0 3 22 0 594000 3 0 0 5 0 0 0 0 0 0 0 0 5 17 0 630000
7 water proffing and testing (Epoxy) G F 1 0 0 2 0 0 0 0 0 0 0 0 2 20 0 1824000 2 0 0 3 0 0 0 0 0 0 0 0 4 12 0 1860000 3 0 0 3 0 0 0 0 0 0 0 0 3 16 0

Related Documents

  • Decent Essays

    Is3350 Unit 3 Project

    • 432 Words
    • 2 Pages

    Hi group T3, Thanks for your post. Basically, you did a good job, and blow is my feedback: 1. What did you like about the materials posted? As a project asked to be finished in 24 months within a cost of 12.5 milliion dollars, you organize your WBS quite well.…

    • 432 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Peng, Chen MGMT 3720 Assignment #1 Walt Henderson is a draftsman in Wilson Construction Company. One day he was working on his personal project during company time and caught by his supervisor, Ken Hardy. Walt believes he has right to work on his personal project as long as he has completed all his work. However, Ken doesn’t agree with that because he believes workers are not allowed to do their personal project during company time based on the company rules. Then they had an argument about working at home and while on the company time.…

    • 729 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Both scenarios offer the same number of level-1 support staff (6 staff), however scenario 2 offers 6 level-2 support staff while scenario 1 only offers 3. This one change of having 3 more employees in scenario 2 impacted every aspect rather drastically. The cycle time of a process is measured between its start and end. Scenario 1 was 6 days and 59 minutes, while the cycle time for scenario 2 was 27 days 6 hours and 54 minutes.…

    • 444 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    Escrow Cost Case Study

    • 462 Words
    • 2 Pages

    1) Escrow and legal costs. Escrow cost is required by law, and different states have different costs. When a project seeks a site, the clients need to think about escrow costs and make sure it is worthwhile to pay the amount of money. Besides escrow cost, there are also other kinds of legal and inevitable costs. These costs vary from locations and companies.…

    • 462 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    20 Time Project Analysis

    • 107 Words
    • 1 Pages

    The topic I chose for my 20 Time project was hockey. I chose this topic because hockey is a sport that I love and am very passionate about. What I did was research different drills and techniques to help me be a better hockey player. The main things that I was trying to get better at was skating, stickhandling, and checking. There were a couple of websites that help me find this information such as hockeytrain.com, howtohockey.com, and usahockey.com.…

    • 107 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Direct Cost

    • 526 Words
    • 3 Pages

    What are the direct costs? Include personnel and non-personnel expenses. For my project, personnel direct cost include the primary investigator, IT specialist, statistical advisor and project manager. Personnel budget with be a combination of their salary, time spent on the project, and fringe rate.…

    • 526 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    In other words, they are the costs that are paid by the company…

    • 691 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    By recognizing this pattern, I was able…

    • 375 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The Pyramid Of Giza

    • 114 Words
    • 1 Pages

    The worker divisions were with regular people, criminals and even the soldiers were engaged in this process. These are the basis of the management for projects that have been calculated applied in the past for the development of construction…

    • 114 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Assignment 4: Project Motorcycles – The Comprehensive Project Plan Project scope and project management plan Defining the project scope is very vital in identifying the project authenticity. If the project scope is not fully defined, there will be various challenges in the project, especially during the project initial stages. The project that the department will be analyzing is how to develop and manufacture a first class motorcycle. The department that has been trusted with the mandate of implementing the project will have a semi-autonomous structure.…

    • 1682 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    Woody 2000 Case Study

    • 1292 Words
    • 6 Pages

    The estimates should be definite and it can be made through development of design, stage of construction etc. The estimates must be made by taking the cues and suggestions of the subcontractors and following a standard format will help in tracking the estimate easier. c.Is lifecycle costing a factor on this project? Life cycle costing is an economic analysis where the various alternatives to the projects are estimated and the final selection of the alternatives is the one which gives the least cost. Life cycle costing is a factor in the project and the selection of the project was mainly by estimating the net present value and IRR of the project.…

    • 1292 Words
    • 6 Pages
    Great Essays
  • Superior Essays

    Cost involved in the project: The first and foremost criteria for projects…

    • 1560 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    Project Design Case Study

    • 911 Words
    • 4 Pages

    You can change a WBS by expending strategies, the similarity method, the top-down method, the bottom-up method, and the mind-mapping method. It is tough to create a good WBS because each WBS is unique based on the project and the team. The relationship approach utilizes a comparative WBS (arranged for another venture) as a beginning stage. On the off chance that you are working for a counseling firm that does comparable activities for the same customer, this methodology might be straightforward and powerful.…

    • 911 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Apparently, I got the chance of working in one of the L&T’s construction project which was the “Construction of 3.5MTPA brown field cement plant”. This is the place where I have started stepping in to the world of construction & project management & while working I really felt the criticality of project management. After successful completion of my training; I was promoted as a senior engineer in Planning Department & it’s my responsibility to prepare schedules, estimation, planning & controlling of construction activities, team building, resource planning…

    • 701 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Cost Accounting Essay

    • 1292 Words
    • 6 Pages

    The use of accounting in the business field to measure an entity in many aspects regarding financial information is crucial in modern day. Tracking how a business obtain, spends, and invest their financial assets are key indicators for not only external users such as investors and creditors, but internal users such as management departments. To plan for future endeavors, one must understand their present capabilities. Through extensive research, we can establish why cost accounting is important to the success of the firm, various methods of cost accounting, and how they are used.…

    • 1292 Words
    • 6 Pages
    Improved Essays