Construction Sequence Analysis for Optimum Cost and Duration
Verified
Added on 2023/06/12
|4
|625
|446
AI Summary
This article provides an analysis of the construction sequence for optimum cost and duration. It includes a network diagram, evaluation of cost and time schedule, and project crashing. The least time and least cost of the project is 18 days and 255500 cost respectively.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
CONSTRUCTION SEQUENCE
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Analysis of network on the basis of normal duration for activities On looking at the network diagram above, the following path for completing the construction project has been obtained. A – E – F –D = 6 + 6 + 7 + 6 = 25 weeks Cost = 12000 + 36000 + 10000 + 18000 = 76000 Indirect cost = 25 * 2300 = 57500 Total cost = 133500 A – E – I – C – D = 6 + 6 + 2 + 3 + 6 = 23 weeks Cost = 12000 + 36000 + 20000 + 18000 + 18000 = 104000 Indirect cost = 23 * 2300 = 52900 Total cost = 156900 A – B – C – D = 6 + 8 + 3 + 6 = 23 weeks Cost = 12000 + 24000 + 18000 + 18000 = 72000 Indirect cost = 23 * 2300 = 52900 Total cost = 124900 A – G – H – D = 6 + 5 + 8 + 6 = 25 weeks Cost = 12000 + 20000 + 40000 + 18000 = 90000 Indirect cost = 25 * 2300 = 57500 Total cost = 147500 The cost and time schedule evaluated above indicates that the optimum cost and optimum time of the project is 124900 and 23 weeks respectively. However, as there are two critical paths due to having similar duration on two paths through which project could be accomplished, therefore, the project crashing will be done as follows:
Working notes: PathsDurationRound 1 Round 2 Round 3 Round 4 Round 5 Round 6 Round 7 A – E – F –D2524232221201918 A – E – I – C – D 2322212019181716 A – B – C – D2322212019191918 A – G – H – D2524232221201918 From the above analysis, it has been identified that optimum cost and duration is 255500 and 25 days respectively. This is because while completing project within the duration of 25 days, there will be least cost incurred for the project. Also, the maximum crashing of the project gives us the earliest duration within which the project could be accomplished that is, 18 days. Accordingly, the least time and least cost of the project is 18 days and 255500 cost respectively.