Predicting adequate construction cost is an important factor in effective investment because owners must set the most appropriate budget for their projects. Unlike the existing cost prediction models, the variables that have an interrelation with construction cost were selected as attributes using correlation analysis based on 786 cases. In selecting the attribute weight, the cost prediction mo...

The question of whether success can be measured and the purpose of it is discussed. In any discussion on success, it is essential that a distinction is made between project success and the success of the project management effort, bearing in mind that good project management can contribute towards project success but is unlikely to be able to prevent failure. The most appropriate criteria for s...

An objective of Earned Value Management (EVM) is to provide a means for predicting the outcome of a project. Inherently, the outcome is largely determined in the planning, and of course completion forecasting commonly occurs with analysis of project performance. Having the project plan, management would like to be able to quantify its risk What is the likelihood for having a successful project ...

In the field of management, the delay within projects is a prominent and contentious issue. Due to the fact that delay leads to cost and time over-runs, it is often the subject of litigation claims and creation of managerial tensions. In a bid to bring such delays under control and also to diminish managerial tensions, it is necessary to recognize and understand the following four concepts:"typ...

Efficient project execution is an objective in many industries, and existing project management research gives direction about how project team factors influence two important capital project outcomes: time and cost. In addition, use of electronic collaboration (E-collaboration) technologies is essential for supporting projects. Combining a literature review with our empirical experience, we co...

critical path method (cpm) is one of the most popular techniques used by construction practitioners for construction project scheduling since the 1950s. despite its popularity, cpm has a major shortcoming, as it is schedule based on two impractical acceptance that the project deadline is not bounded and that resources are unlimited. the analytical competency and computing capability of cpm thus...

Time-cost trade off problem is one of the highly important issues in project accomplishment and has been ever taken into consideration by project managers. Time and cost as two critical objectives of construction project management, are not independent but intricately related. Time-cost optimization may be defined as a process to identify suitable construction activities for speeding up, and fo...