Top 6 time, cost, quality in construction in 2023

Author: www.builkph.com

Date Submitted: 12/21/2020 01:36 AM

Average star voting: 5 ⭐ ( 32139 reviews)

Summary:

Match with the search results: . Acquiring these elements in balance will limit the construction duration with the complete venture cost, and expands the all-out quality that could characterize the progress of a developing project….. read more

Author: www.structuresinsider.com

Date Submitted: 02/03/2019 04:37 PM

Average star voting: 5 ⭐ ( 35441 reviews)

Summary:

Match with the search results: In all developed projects, a balance between cost and value must be established (CIOB, 2014). The nature of the project would be influential ……. read more

Author: www.hm-ec.com

Date Submitted: 08/06/2020 11:38 AM

Average star voting: 3 ⭐ ( 43761 reviews)

Summary: The increasing number of construction projects together with the limited resources of organizations led to tough competition for achieving project goals. Time, cost, and quality have been known as the project iron triangle. Project managers attempt to allocate the appropriate resources and make the best decisions for accomplishing projects with the shortest durations, lowest costs, and the highest quality. No study has examined the time–cost–quality trade-off problem with decision-making approaches. In this study, the fuzzy multi-criteria decision-making (MCDM) methods are exploited to choose the best mode for performing each activity. For this purpose, the SWARA method is applied to determine the importance weights of time, cost, and quality. In addition, the TOPSIS (Technique for the Order Preference by Similarity to Ideal Solution) technique is used to rank and select the best activity execution modes. The proposed model is implemented on two medium- and large-size construction projects to evaluate its efficiency. Several execution modes with fuzzy duration, cost, and quality are considered for each project activity. Finally, sensitivity analysis is conducted taking three different conditions into account: the shortest duration of the execution modes, the lowest cost of the execution modes, and the highest quality of execution modes for each activity. The solution of each trade-off is compared with the solution obtained from the fuzzy SWARA–TOPSIS method. The schedule is developed according to the best execution mode for each project activity. The obtained results in two different construction projects show significant improvements in the overall project objectives so that the projects can be completed in fewer durations and costs along with higher quality. Because of the higher importance of cost, the cost of each activity is closer to the lowest cost. The activity duration is also closer to the most likely duration, and quality is closer to the high-quality level. The application of this approach can create new opportunities for research and knowledge development in the field of construction project scheduling.

Match with the search results: In urgent, unplanned, or critical projects, the cost is typically less of a driving factor, and the key objective is to accomplish the project ……. read more

Author: www.sciencedirect.com

Date Submitted: 03/30/2020 12:48 PM

Average star voting: 5 ⭐ ( 18689 reviews)

Summary: Our Kyabram builders understand how each aspect – time, cost and quality – make up the construction of a new home & contribute to our clients’ experience.

Match with the search results: Time cost and quality are three important factors in planning and controlling construction projects. Getting these factors in balance, which minimizes the ……. read more

Author: www.projectsmart.co.uk

Date Submitted: 01/11/2019 07:16 AM

Average star voting: 5 ⭐ ( 62353 reviews)

Summary: In the construction industry, projects consist of many different variables that affect successful completion. These variables may be scope, cost, time, quality, risk management and assessment, and more. Although all factors affect various construction projects differently, the three main variables that often result in a need for a trade-off decision are cost, quality, and time. Often referred to as the “Iron Triangle” or the “Triple Constraint”, many times owners and project managers are put under the pressure of having to choose two out of the three variables. If the project is cheap, it cannot be completed quickly and be of the best quality. Similarly, if the project is high quality, more expenses will be incurred and/or more time will be required. Through a review of literature and administration of a topic related survey, my methodology consisted of identifying the most common trade-offs for construction projects, and whether there is a difference between owner and project manager decisions under such situations.

Match with the search results: Time is the available time to deliver the project, cost represents the amount of money or resources available and quality represents the fit-to-purpose that ……. read more

Author: icoste.org

Date Submitted: 09/13/2020 08:25 AM

Average star voting: 4 ⭐ ( 41965 reviews)

Summary: The time, quality, and cost are three important but contradictive objectives in a building construction project. It is a tough challenge for project managers to optimize them since they are different parameters. This paper presents a time-cost-quality optimization model that enables managers to optimize multiobjectives. The model is from the project breakdown structure method where task resources in a construction project are divided into a series of activities and further into construction labors, materials, equipment, and administration. The resources utilized in a construction activity would eventually determine its construction time, cost, and quality, and a complex time-cost-quality trade-off model is finally generated based on correlations between construction activities. A genetic algorithm tool is applied in the model to solve the comprehensive nonlinear time-cost-quality problems. Building of a three-storey house is an example to illustrate the implementation of the model, demonstrate its advantages in optimizing trade-off of construction time, cost, and quality, and help make a winning decision in construction practices. The computational time-cost-quality curves in visual graphics from the case study prove traditional cost-time assumptions reasonable and also prove this time-cost-quality trade-off model sophisticated.

Match with the search results: The clients of the construction industry are primarily concerned with quality, time and cost and yet the majority of construction projects are procured on the ……. read more