IRJET- Optimization of Time and Cost of Building Construction using Fast Tracking Method of Scheduling

International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 06 Issue: 07 | July 2019 www.irjet.net p-ISSN: 2395-0072
© 2019, IRJET | Impact Factor value: 7.211 | ISO 9001:2008 Certified Journal | Page 1242
Optimization of Time and Cost of Building Construction using Fast
Tracking Method of Scheduling
Pooja Kamble1, Nadeem Sanadi2
1Post Graduate Student, Department of Civil Engineering, Jain College of Engineering Belagavi.
2Assistant Professor, Department of Civil Engineering, Jain College of Engineering Belagavi.
---------------------------------------------------------------------***----------------------------------------------------------------------
Abstract - The purpose of this study is to assess causes and
effects of cost and time overruns in construction projects. An
effective project management tool is introduced in the form
of Microsoft Project (MSP). In this project, Fast tracking
method is adopted for planning and scheduling for the
construction of Linemen Quarters using Microsoft Project
(MSP) software. Various activities involved in the
construction of linemen quarters are scheduled. A
comparison between planned duration and cost in
traditional method and by using project management tool
such as Microsoft project is carried out.
Key Words: Planning, Scheduling, Fast Tracking, Time
Overrun, Cost Overrun.
1. INTRODUCTION
The project management team should plan a project in
such a way that completion of the project should be as on
date with planned budget and resources. The project
should meet all the set standards without compromising
with the quality of work, budgeted cost and planned
duration. A project which fulfills the abovementioned
requirements is called a successful project. For the study,
the case study considered involved construction of
Linemen quarter for the staff in the town of Kanakapura,
the details of which are mentioned below.
1.1Brief details of the project
 Name of project: LM Quarters
 Contractor: Sri Shivkumar S.M
 Type: Residential building
 Number of stories: G+2
 Project Estimation Cost : Rs.18,417,844.79
The lineman Quarter is a G+2 building. Total area
of the building is 989.64SQM. The linemen quarters are
designed with bedroom, kitchen, balcony, living room, and
bathroom. It is a 2BHK. And the ground floor is designed
as the parking area.
2. OBJECTIVES OF PROJECT
 To estimate the cost required to complete the
project.
 Estimating then duration required to complete the
project along with individual activities.
 Comparison of traditional method of planning to
Planning using project Management Software.
 Detailed Analysis of the dependency between the
tasks.
 Estimation of the cost using productivity details.
 To fast track the project for early completion.
3. RESEARCH METHODOLOGY
I. Literature study: A set of research papers,
journal articles, project reports were studied to
know the importance of Time, Cost and Qualityiin
a constructioniproject. Efforts were made to
understand the need of proper planning and
management of Time, Cost andnQuality for
successfulicompletioniof any project.
II. Formulating problem statement: After the
literature study and knowing the current needs of
the industry, a problem statement was formed to
conduct detailed study of a construction project
and bring out a solution for efficient
managementnof Time, Costiand Quality within the
project.
III. Fixing of Objectives: After conducting a brief
literature review of various research articles,
journals, project reports etc. based on the
problem statement formulated a set of objectives
were framed stick to which entire flow of the
project will be worked on.
IV. Data collection: The requiredidata was collected
with respect to the research objective. Details of a
project such as BOQ, Plans, Schedule, cost
estimate, Detailed Project Report etc. were
collected and studied.
V. Analysis: The collected data is studied to
understand status of the project, causes of delays,
risks involved etc. A new project schedule for the
same project is prepared using Microsoft Project
Software which could guide the project in proper
way for its successful completion.
VI. Results: After analysing the project and preparing
a detailed schedule of the project using Microsoft
project (MSP) we could derive various details
such as duration required for completion of
project, total cost required, resource allocation
plan etc.

4. INVESTIGATION AND ANALYSIS
4.1 Estimation of the Project
The estimation of the project was obtained and
studied. The quantities were calculated in Microsoft Excel
for each and every material and task such as earthwork
excavation, reinforcement etc. The total budgeted cost
after conducting estimation was Rs.18,417,844.
4.2 Planning and scheduling in Microsoft Project
(MSP)
All the activities in sequence were listed and a Work
Breakdown Sequence was prepared in Microsoft Project
(MSP). In the next step resource and duration were
allotted for each and every activity. The activities later
were linked with the one another by giving the
predecessors. Budgeting was done after allocating the
resources like manpower, material, and machinery used
for the specified activity. The resources allocated were
given with rate per unit so that when we allocate the
number of resources required for the specified activity the
software will automatically compute the total cost of the
activity. Then the overall cost of the activities will give the
overall cost of project.
Fig.1.Planning of Project in MSP
5. RESULTS AND DISCUSSION
Planning scheduling of the project is carried out in
order to calculate the total duration of the project by
creating work breakdown Structure (WBS) and allocating
resources. In this duration was reduced by using Microsoft
Project (MSP) which includes the finding of critical Path
where the duration of the project can be changed by Fast
tracking method.
5.1 Comparison of duration
The actual planned duration using Microsoft excel
was 381days, after using project management tool -
Microsoft project (MSP) duration was found to be 328
days. The total time required was reduced by 53days
after fast tracking.
Fig.2. Comparision of duration
5.2 Project cost
The budgeted cost of project by using Microsoft
excel was Rs.18,417,844.79 Whereas, the estimated
cost of project after fast tracking by using Microsoft
project software (MSP) was Rs.18,417,707.22. The
difference between conventional and modern method
of estimation was 137.57 which deficits the estimate
carried out the estimation cost appropriate.
Table 5.2 Project Cost
6. CONCLUSIONS
1. By using a computer application like Microsoft project
(MSP) to schedule gives the best results in construction
projects.
2. The chronological planning of the construction activities
and graphical representation on the Gantt chart is useful
for superior understanding of the project.
3. Planning and scheduling in Microsoft project (MSP)
proved to be more effective than in Microsoft Excel.
Project In traditional
method
In MSP
Linemen
Quarters
Rs.18,417,844.79 Rs.18,417,844.79

4. Reduction in duration was carried out for the project
by fast tracking method.
5. Generally if the duration of the project is to be reduced,
there will be a need to increase the amount of resources
i.e. increase in the cost of the project.
6. In the current study the total budgeted cost of the
project has been kept the same whereas reduction in the
duration of construction is achieved.
7. Initially the duration of the project was 381 days after
reduction the duration of project became 328 days. A
Reduction of 53 days in the project schedule is achieved
using project management tools and techniques.
7. REFERENCES
[1] Anant Narayan Shete, Vaibhav Durwas Kothawade.
(2016). An Analysis of Cost Overruns and Time Overruns
of Construction Projects in India. International of
Engineering Trends and Technology, 4(1),33- 36
[2] Erande, S. S., & Pimplikar, S. S. (2016). Total Quality
Management in Indian construction
industry. International Research Journal of Engineering
and Technology, 3(6), 685-691.
[3] Chidambaram, R., & Potty, N. S. (2014). Qualitative
analysis of Time delay and Cost overrun in Multiple Design
and Build Projects. Civil and Mechanical Engineering.
[4] Sai Murali Krishna Reddy,Raya and S.S Bhanu
Prakash(2016). Cost and time overruns in Indian
construction industry. Industrial Science, 2(4), 1-9
[5] Chin-Keng, T. (2011). Study of quality management in
construction projects. Chinese Business Review, 10(7).
[6] Serpell, A., & Alarcon, L. F. (1998). Construction
process improvement methodology for construction
projects. International journal of project
management, 16(4), 215-221.
[7] Stasiak-Betlejewska, R., & Potkány, M. (2015).
Construction costs analysis and its importance to the
economy. Procedia Economics and Finance, 34, 35-42.
[8] Mallawaarachchi, H., & Senaratne, S. (2015, December).
Importance of quality for construction project success.
In 6th International conference on structural engineering
and construction management.
[9] Shah, M. R., Pitroda, J., & Patel, C. G. Quality Control
Management in Building Construction.
[10] Monish Kumar K, Maheshwar S Maregowdru, Sparsha
B.P. (2017).Construction Project scheduling of MK
Apartment Using MS Project 2013. International Research
Journal of Engineering and Technology 4(7) ,2275-2279
[11] Doloi, H., Sawhney, A., Iyer, K. C., & Rentala, S. (2012).
Analysing factors affecting delays in Indian construction
projects. International journal of project
management, 30(4), 479-489.
[12] Ashokkumar, D. (2014). Study of quality management
in construction industry. International Journal of
Innovative Research in Science, Engineering and
Technology, 3(1), 36-43.
BIOGRAPHIES
POOJA V KAMBLE, is a Final Year
Post Graduate student in
Construction Technology in the
Department of Civil Engineering
of Jain College of Engineering
Belagavi.
NADEEM SANADI, is Assistant
Professor in in the Department of
Civil Engineering of Jain College
of Engineering Belagavi. He has 1
Year of Teaching and over 2 years
of experience in execution of
Major Bridges.

IRJET- Optimization of Time and Cost of Building Construction using Fast Tracking Method of Scheduling

Recommended

Recommended

More Related Content

What's hot

What's hot (19)

Similar to IRJET- Optimization of Time and Cost of Building Construction using Fast Tracking Method of Scheduling

Similar to IRJET- Optimization of Time and Cost of Building Construction using Fast Tracking Method of Scheduling (20)

More from IRJET Journal

More from IRJET Journal (20)

Recently uploaded

Recently uploaded (20)

IRJET- Optimization of Time and Cost of Building Construction using Fast Tracking Method of Scheduling