A Project Management Model for Investigation of a Construction Project

Abstract

Various projects are realized by private sector and public institutions in recent days. Machine, material, manpower, time and money are the main resources required for these projects. Since, each one is a cost item, these sources should be used effectively in order to provide competitive advantage in the project planning process. In this context, an efficient project management system provides effective usage of resources, good working environment and timely completion of projects. Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) are utilized as project planning methods in order to determine the completion time of projects. On the other hand, it can be possible to complete a project earlier using additional sources with project crashing approach. In this study, initially activities and durations for a construction project realized in Kocaeli have been determined. Afterwards, expected completion time, critical activities and critical path have been determined for this project. In the second phase, project crashing cost for critical activities has been calculated through a mathematical model. Thus, the applicability of the project management model has been revealed.