Time-Cost Optimization of Building Projects
By Uzair Waheed
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Time-Cost Optimization of Building Projects - Uzair Waheed
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PREFACE
In recent history, there has been considerable growth in construction worldwide. Both public and private sectors have increasingly initiated and completed construction projects, especially multistory buildings.
Time and cost are the two major factors that are pivotal for evaluating the performance of any project, and these factors vary for every project depending on the planning and methodology applied by project managers and project control professionals.
Because projects are time bound and are undertaken for either financial or nonfinancial objectives, these two variables—time and cost—need to be balanced within acceptable limits so they have an efficient relationship. Thus, developing the time and cost trade-off concept on a project level may yield optimum results for a project in terms of saving both time and