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Welcome 2-Day Conference – Project Management in Construction Sector 1.

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Presentation on theme: "Welcome 2-Day Conference – Project Management in Construction Sector 1."— Presentation transcript:

1 Welcome 2-Day Conference – Project Management in Construction Sector 1

2 Managing Time and Cost in Construction Projects presented by A N Prakash AN Prakash CPMC Pvt.. Ltd 2-Day Conference – Project Management in Construction Sector 2

3 3 Managing Time and Cost in Construction Projects is

4 2-Day Conference – Project Management in Construction Sector 4 Which of these projects are completed on time and / or within budget ??

5 2-Day Conference – Project Management in Construction Sector 5 Construction Projects are Complex are Chaotic have Changes have Conflicts Discomfort and Imbalance

6 2-Day Conference – Project Management in Construction Sector 6 Interest of all stakeholders in a project are On-time Completion Within Budget BUT WITH Maximum Efficiency Highest Performance

7 2-Day Conference – Project Management in Construction Sector 7 Commonly project conditions are Dynamic An Unknown Unknown !!

8 2-Day Conference – Project Management in Construction Sector 8 an Example in Hong Kong Airport

9 2-Day Conference – Project Management in Construction Sector 9

10 10 Causes for Cost & Time overrun Inflation ? Errors and omissions ? Changes ? Underestimation ? Wrong plans ? Faulty execution strategy ? Any others ………….

11 2-Day Conference – Project Management in Construction Sector 11 There are 113 !!!

12 2-Day Conference – Project Management in Construction Sector 12

13 2-Day Conference – Project Management in Construction Sector 13

14 2-Day Conference – Project Management in Construction Sector 14

15 2-Day Conference – Project Management in Construction Sector 15

16 2-Day Conference – Project Management in Construction Sector 16 and many more

17 2-Day Conference – Project Management in Construction Sector 17 Some Empirical Formulas proposed by Researchers

18 2-Day Conference – Project Management in Construction Sector 18 Root causes Grouped

19 2-Day Conference – Project Management in Construction Sector 19 With experience, now the situations are Predictable to a great extent A Known known

20 2-Day Conference – Project Management in Construction Sector 20 Has Evolved from Simple Gantt Chart To PERT, CPM. From Manual Calculations Use of Computers Continue To Evolve In Terms Of Its Capabilities Project Management Tools -- Time Management -- Cost Management -- Resource Management -- Change Management -- Data Management -- Document Management Techniques -- Earned Value Management (EVM) Tools -- Building Information Modeling (BIM) Evolution of Tools and Techniques for Managing Time and Cost

21 2-Day Conference – Project Management in Construction Sector 21 Some Recommendations Contd ….

22 2-Day Conference – Project Management in Construction Sector 22 Some Recommendations

23 2-Day Conference – Project Management in Construction Sector 23 Thank You


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