Scheduling and Cost Optimization of Multi-Storey Building

Abstract

Now a days construction gets delayed in the site due to the factors such as inefficient management, design issues, economic variation, coordination failure between time schedule and execution etc. The major problem faced by the construction sector is not able to manage the fund allocated for the work and not able to complete the work in targeted days. This can be overcome by the implementation of scheduling and cost optimization process in the construction field. Scheduling is a critical component of successful time management. Optimizing cost should be carried out to aware the building cost is kept within the estimated cost limits .This paper deals with scheduling of multi-story building and cost effective method to find required cost for completion of the project. On going project is located at Nagar Kovil and Manual scheduling data collected from the site. Scheduling of the project is done with primavera p6 software. Cost required for the project is also computed with primaveraP6 software. For reducing the cost of the project, required actions are taken. The cost is reduced by proper using of resources, such as manpower, materials and machines. Computerized scheduling provides clear scheduling data for execution of the project. Cost required for the project execution is also reduced with proper scheduling process. Cost is optimized by using a dynamic programming method. Microsoft excel is used for dynamic method of cost optimization. In this project cost is considerably reduced by using the dynamic programming method of cost optimization techniques.