• Title/Summary/Keyword: Project Critical Path

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Quantifying Monetary Value of Float

  • Park, Young-Jun;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.111-113
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    • 2015
  • Floats are used by the parties involved in a construction project. The owner may use float by changing order(s) or by executing risk avoidance plan; the contractor may use it for leveling resources or substituting activities' construction methods to reduce costs. Floats are accepted either just as by-product obtained by critical path method(CPM) scheduling or as asset having significant value. Succinctly, existing studies involved in float value does not consider its' changes on project time domain. It is important to identify float ownership and to quantify its' corresponding values. This paper presents a method that quantifies float value of money that changes over project execution. The method which accurately computes the monetary value of float may contributes to resolve conflicts relative to float ownership and/or delay issues among project participants. It compares the difference between the monetary value of total float - on non-critical path in each and every schedule update. It makes use of critical path method (CPM) and commercial software with which practitioners are already familiar.

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A PATH ENUMERATION APPROACH FOR CRITICAL ANALYSIS IN PROJECT NETWORKS WITH FUZZY ACTIVITY DURATIONS

  • Siamak Haji Yakchali
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.575-581
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    • 2011
  • A novel approach for analysis of criticality with respect to path and to activity in networks with fuzzy activity durations is proposed. After recalling the Yager ranking method, the relative degree of criticality of activities and paths are defined. An efficient algorithm based on path enumeration to compute the relative degree of criticality of activities and paths in networks with fuzzy durations is proposed. Examples of former researches are employed to validate the proposed approach. The proposed algorithm has been tested on real world project networks and experimental results have shown that the algorithm can calculate the relative degree of criticality of activities and paths in a reasonable time.

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A Critical Path Search and The Project Activities Scheduling (임계경로 탐색과 프로젝트 활동 일정 수립)

  • Lee, Sang-Un
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.12 no.1
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    • pp.141-150
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    • 2012
  • This paper suggests a critical path search algorithm that can easily draw PERT/GANTT chart which manages and plans a project schedule. In order to evaluate a critical path that determines the project schedule, Critical Path Method (CPM) is generally utilized. However, CPM undergoes 5 stages to calculate the critical path for a network diagram that is previously designed according to correlative relationship and execution period of project execution activities. And it may not correctly evaluate $T_E$ (The Earliest Time), since it does not suggest the way how to determine the sequence of the nodes activities that calculate the $T_E$. Also, the sequence of the network diagram activities obtained from CPM cannot be visually represented, and hence Lucko suggested an algorithm which undergoes 9 stages. On the other hand, the suggested algorithm, first of all, decides the sequence in advance, by reallocating the nodes into levels after Breadth-First Search of the network diagram that is previously designed. Next, it randomly chooses nodes of each level and immediately determines the critical path only after calculation of $T_E$. Finally, it enables the representation of the execution sequence of the project activity to be seen precisely visual by means of a small movement of $T_E$ of the nodes that are not belonging to the critical path, on basis of the $T_E$ of the nodes which belong to the critical path. The suggested algorithm has been proved its applicability to 10 real project data. It is able to get the critical path from all the projects, and precisely and visually represented the execution sequence of the activities. Also, this has advantages of, firstly, reducing 5 stages of CPM into 1, simplifying Lucko's 9 stages into 2 stages that are used to clearly express the execution sequence of the activities, and directly converting the representation into PERT/GANTT chart.

NEW TREND OF SCHEDULING IN LINEAR CONSTRUCTION PROJECT

  • S. Sankar;J. Senthil
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.917-923
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    • 2005
  • Scheduling is one of the main functions in construction project to determine the sequence of activities necessary to complete a project. The scheduling techniques provide important information crucial to a project's success. Highway construction project the paving activity can be considered a linear activity. Linear scheduling technique may be better suited for linear projects than other scheduling techniques. A new type of scheduling in linear project is calling Linear Scheduling Model (LSM). The Project monitoring and controlling is very ease to identify that all the stage of linear project and have more advantages.

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Studies on Post Contract Schedule Analysis (준공현장의 분쟁해결방안으로서의 사후적 공정분석에 관한 연구)

  • KIHYUK, KO;SUNGPIL, PARK;YONGKIL, KIM
    • Journal of Arbitration Studies
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    • v.32 no.4
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    • pp.103-141
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    • 2022
  • Traditionally, schedule analysis in Korea has been used, mainly through the Critical Path Method, to evaluate the claim for extension of time and/or the amount of liquidated damages for delay. Critical path method, however, cannot identify the delay event and its impact occurred in non-critical path especially in multi facility projects. In multi facility projects that comprise several independent but related facilities or structures, each facility has its own facility critical path the duration of which will be impacted by facility specific critical delays. Thus, only through the non-critical delay analysis along with the critical delay analysis damages not attributable to contractors may be remedied in full. Because all the records and pictures can reveal what has actually happened in post contract review, only the retrospective analysis rather than the prospective analysis based on the assumptions can establish the cause and allocate the each parties' responsibilities appropriately.

Path-Analysis for Minimize a Conflict on Urban Regeneration Project (도시재생사업의 갈등 최소화를 위한 경로분석)

  • Kim, Ka-Ram;Yu, Jung-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.05a
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    • pp.181-184
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    • 2011
  • The earlier studies which are related to conflict management for urban regeneration project were based on limited case-studies on a specific phase. In addition, those studies did not considered a multidisciplinary approach for critical factor of conflict occurrence. In this reason, to establish a practical management or a policy is limited. In this paper, 'Good communication and information sharing' and 'Cooperativeness of stakeholders on project' are defined by critical factors for minimization of conflict between stakeholders. Furthermore we analysis the influence of those factors to minimization of conflict using path-analysis. This paper contributes to increase the efficiency of conflict management through understanding influence of each factors.

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Application of a PERT-Type System on Work Management in Home-Delivered Meals Service Program for Elderly (가정배달 노인급식서비스 작업공정관리 모형개발을 위한 PERT-Type System의 적용)

  • 양일선;채인숙;유일근
    • Journal of Nutrition and Health
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    • v.34 no.6
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    • pp.701-714
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    • 2001
  • The purpose of this study was to apply a PERT-type system, a combination of the project evaluation and review technique(PERT) and critical path method(CPM) on the employees' work time management of flood preparation, assembly, transportation and cleaning in home-delivered meals program for elderly The resources allotment heuristic program was developed by considering the number of employees and cooking utilities, being limited resources of home- delivered meals program. This program could assign the employees to perform the works included in flood preparation, assembly, transportation ind cleaning. Critical path and activities ware identified by PERT-type system on the basic of work time investigation in five senior centers. Work sheets were invented to perform the work by the shortest path with flexible employees'maximum flow As a result of the work time investigation, the most prevalent activities were ones of preparation in center C and E. Besides, the preparation(over fifty percent) was the most proportion among flood preparation, assembly, transportation and cleaning in center C and E. Critical path and activities of 'C'center were cucumber in sauce preparation path and assembly, wrapping in assembly path and case delivery in transportation path. Critical path and activities of 'E'center were Pan-fried Potato Preparation Path and assembly, case covering, wrapping in assembly Path. The work sheet invented by the heuristic program and PERT-type system reduced the work completion time and man hours in both centers.

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Knowledge/Skills and Career Path of IS Project Managers (IS 개발 프로젝트 관리자의 지식과 기술 그리고 경력개발경로)

  • Moon, Yong-Eun
    • Information Systems Review
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    • v.4 no.2
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    • pp.343-360
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    • 2002
  • Ideal project manager is a critical factor for successful IS development. The purpose of this paper is to investigate the knowledge and skills requirement of IS project managers and to suggest ideas of a career path development for powerful IS project managers. From a previous research work, this paper was conducted to classify 6 domains-strategic management, business function, innovation, general management, personnel management, and technical expert- as knowledge and skills of IS project managers, and to generate IS project manager's career path which is developed through engineer, analyst and designer, planner, and project leader. The results provide a good framework to train and develop knowledge and skills of IS project mangers.

Probability-based Critical Path Estimation for PERT Networks of Repetitive Activities (반복작업 PERT 네트워크의 확률기반 주공정 산정기법)

  • Yi, Kyoo-Jin
    • Journal of the Korea Institute of Building Construction
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    • v.18 no.6
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    • pp.595-602
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    • 2018
  • Network-based scheduling methods can be classified into CPM method and PERT method. In the network scheduling chart, critical path can be estimated by performing the forward calculation and the backward calculation though the paths in the network chart. In PERT method, however, it is unreasonable to simply estimate the critical path by adding the sum of the activity durations in a specific path, since it does not incorporate probabilistic concept of PERT. The critical path of a PERT network can change according to the target period and deviation, and in some cases, the expected time of the critical path may not be the path with longest expected time. Based on this concept, this study proposes a technique to derive the most-likely critical path by comparing the sum of estimated time with the target time. It also proposes a method of systematically deriving all alternate paths for a network of repetitive activities. Case studies demonstrated that the most-likely critical path is not a fixed path and may vary according to the target period and standard deviation. It is expected that the proposed method of project duration forecasting will be useful in construction environment with varying target date situations.