PLANNING MONITORING FREQUENCIES FOR CPM PROJECTS

A CONSTRUCTION PROJECT, PLANNED AND SCHEDULED WITH THE AID OF THE CRITICAL PATH METHOD, NEEDS TO BE CONTROLLED SO THAT CORRECTIVE MEASURES MAY BE IMPLEMENTED IN ORDER TO CURB EXCESSIVE COSTS. A NEAR-OPTIMAL FREQUENCY OF MONITORING A PROJECT IN ORDER TO ESTABLISH CONTROL IS BASED ON MINIMIZING CERTAIN COSTS, NAMELY: PENALTIES WHICH MAY BE INCURRED FOR NOT FINISHING A PROJECT ON TIME; COSTS OF TAKING CORRECTIVE MEASURES IN ORDER TO BRING A PROJECT BACK ON SCHEDULE, AND EXPENSE INCURRED FROM MONITORING. COST COMPARISONS OF THREE DIFFERENT APPROACHES FOR ESTABLISHING MONITORING INTERVALS ARE PRESENTED BASED ON MODEL SAMPLES OF THREE BUILDING PROJECTS AND THREE ROAD PROJECTS. A MONITORING PLAN SPECIALLY ADAPTED TO A PARTICULAR PROJECT APPEARS TO PROVIDE LOWER COST CONTROL THAN A PERIODIC FREQUENCY OR A DECREASING PERIOD PLAN FOR BUILDING PROJECTS WHEREAS CERTAIN PERIODIC AND DECREASING PERIOD APPROACHES APPEAR TO BE QUITE SATISFACTORY IN ADDITION TO A SPECIALLY TAILORED PLAN FOR ROAD PROJECTS. /AUTHOR/

  • Authors:
    • Elvers, D A
  • Publication Date: 1971-11

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Filing Info

  • Accession Number: 00202024
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 24 1972 12:00AM