OPTIMAL ALLOCATION OF CONSTRUCTION PLANNING RESOURCES

Efficient allocation of resources for construction planning activities requires construction planning resource requirements to be determined on a cost-effective and value-adding basis. However, although some research studies have indicated that increasing resource allocations to construction planning activities will lead to improved project performance, other research studies have indicated that investing in construction planning beyond an optimum point will lead to a deterioration in project performance. This study explored the concept of optimal planning of construction projects by examining 52 building projects undertaken in Australia. The relationships between planning input (ratio of planning costs to total project costs) and the probabilities of achieving poor performance and good performance were modeled using logistic, linear, and curvilinear regression analyses. A probable optimum planning input based on the sample studied was derived. It is suggested that any additional planning efforts beyond this optimum point would be essentially wasted, because the additional planning costs would not achieve any savings in project cost but merely add to the overhead costs and therefore increase the overall project cost. A model for optimal planning is presented and discussed.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/8675438
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Faniran, O O
  • Love, PED
  • Li, Haiying
• Publication Date: 1999-9

Language

• English

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: p. 311-319
• Serial:
  • Journal of Construction Engineering and Management
  • Volume: 125
  • Issue Number: 5
  • Publisher: American Society of Civil Engineers
  • ISSN: 0733-9364
  • EISSN: 1943-7862
  • Serial URL: http://ascelibrary.org/journal/jcemd4

Subject/Index Terms

• TRT Terms: Construction; Construction management; Cost effectiveness; Optimization; Planning; Regression analysis; Resource allocation
• Geographic Terms: Australia
• Subject Areas: Aviation; Construction; Data and Information Technology; Highways; Pipelines; Planning and Forecasting; Terminals and Facilities; I10: Economics and Administration; I50: Construction and Supervision of Construction;

Filing Info

• Accession Number: 00770104
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 6 1999 12:00AM