Schedule Acceleration: The Time-Cost Trade-off

Overview:

This seminar discusses the concept of construction project schedule acceleration: What, why, and how. It discusses the topic from both the owner and contractor’s perspectives. It shows how cost, both direct and indirect, reacts to schedule acceleration, and thus the time-cost trade-off. It discusses steps for shortening the duration of the construction project, using the concept of the critical path method, step by step. The seminar includes many important hints, whether the objective of the contractor is to minimize cost, complete the project on a specific date, or crash the project to the minimum duration. Most importantly, it proves through a simple numerical example that this process is scientific, and it is not random dumping of extra resources.

Why you should Attend:

This seminar will go over basic concepts and steps in the process of accelerating the construction project. The seminar will demystify many ideas and debunk some myths. It will give hints for optimizing cost and time, according to the need of the project parties. It shows that this process is scientific but simple. It will help the contractor save time and money and avoid inefficiencies.

Areas Covered in the Session:

• The concept of construction project schedule acceleration
• Why do owners demand schedule acceleration and why do contractors accelerate projects?
• Accelerating a construction project using a simple example on an Excel sheet
• Hints for accelerating a construction project using computers
• Hints and tips for the process of accelerating construction projects
• Allowing the contractor to make an informed decision on what project duration is optimum for every case, and how can you achieve it

Who Will Benefit:

• Architects
• Engineers (of All Disciplines)
• contractors
• Subcontractors
• Project Managers
• Schedulers
• Cost Estimators
• Project Management Team Members
• Owners