Decision tool for selecting the optimal techniques for cost and schedule reduction in capital projects

Journal of Construction Engineering and Management

Volumn 137, Issue 9, 2011, Pages 645-655

  Bayraktar, Mehmet Emre ^a   Hastak, Makarand ^b   Gokhale, Sanjiv ^c   Safi, Bhavin ^d  

^a FLORIDA INTERNATIONAL UNIVERSITY   (United States)

^b PURDUE UNIVERSITY   (United States)

^c VANDERBILT UNIVERSITY   (United States)

^d PURDUE UNIVERSITY   (United States)

Author keywords

Decision support systems; Project management

Indexed keywords

BRAINSTORMING SESSIONS; CAPITAL PROJECTS; COMMON SENSE; COST AND SCHEDULE; DECISION TOOL; EXECUTION STRATEGIES; PROJECT COST; PROJECT SCHEDULES; PROJECT SUCCESS; PROJECT TEAM; QUALITY GOALS;

ARTIFICIAL INTELLIGENCE; COMMERCE; DECISION SUPPORT SYSTEMS; PROJECT MANAGEMENT;

DECISION MAKING;

EID: 80052793024     PISSN: 07339364     EISSN: None     Source Type: Journal    
DOI: 10.1061/(ASCE)CO.1943-7862.0000345     Document Type: Article

References (40)

1. Akinci, B., and Fischer, M. (1998). Factors affecting contractors' risk of cost overburden. J. Constr. Eng. Manage. JCEMD4 0733-9364, 14, (1), 67-76. (Pubitemid 128633455)
2. Anderson, S. D., and Tucker, R. L. (1994). Improving project management of design..'' J. Manage. Eng. JMENEA 0742-597X, 10 (4), 35-44. 10.1061/(ASCE)9742-597X(1994)10:4(35)
3. Baim, E. J. (1998). Risk factors which potentially influence the cost effective management and maintenance of urban structure. M.S. thesis, Polytechnic Inst. of New York Univ., New York.
4. Barraza, G. A., Back, E., and Mata, F. (2000). Probabilistic monitoring of project performance using SS-curves. J. Constr. Eng. Manage. JCEMD4 0733-9364, 126 (2), 142-148. 10.1061/(ASCE)0733-9364(2000)126:2(142)
5. Chang, A. S. (1997). Consultant performance measurement and evaluation for on-call projects. Ph.D. dissertation, Dept. of Civil Engineering, Univ. of California, Berkeley, CA.
6. Chang, A. S. (2002). Reasons for cost and schedule increase for engineering design projects. J. Manage. Eng. JMENEA 0742-597X, 18 (1), 29-36. 10.1061/(ASCE)0742-597X(2002)18:1(29) (Pubitemid 34125201)
7. Construction Industry Institute (CII). (1986 a). Constructability: A primer. Publication 3-1, Univ. of Texas, Austin, TX.
8. CII. (1986 b). Costs and benefits of material management system. Publication 7-1, Univ. of Texas, Austin, TX.
9. CII. (1986 c). Evaluation of design effectiveness. Publication 8-1, Univ. of Texas, Austin, TX.
10. CII. (1987 a). Input variables impacting design effectiveness. Publication 8-2, Univ. of Texas, Austin, TX.
11. CII. (1987 b). Work packaging for project control. Summary Document 28, Univ. of Texas, Austin, TX.
12. CII. (1988). Concepts and methods of schedule compression. Research Summary 6-7, Univ. of Texas, Austin, TX.
13. CII. (1992). Team building: Improving project performance. Research Rep. 37-1, Univ. of Texas, Austin, TX.
14. CII. (1994). Preproject planning: Beginning a project the right way. Research Rep. 39-1, Univ. of Texas, Austin, TX.
15. CII. (1996). An investigation of schedule reduction techniques for the engineering and construction industry. Research Rep. 41-11, Univ. of Texas, Austin, TX.
16. CII. (1997 a). Preproject planning tools: PDRI and alignment. Research Summary 113-1, Univ. of Texas, Austin, TX.
17. CII. (1997 b). An assessment tool for improving project team communications. Research Summary 105-11, Univ. of Texas, Austin, TX.
18. CII. (1997 c). 2% engineering-Can it work for you? Research Summary 112-1, Univ. of Texas, Austin, TX.
19. CII. (1999). Planning for the start-up: Analysis of the planning model and other success drivers. Research Rep. 121-11, Univ. of Texas, Austin, TX.
20. CII. (2000). Reengineering the EPC process. Research Rep. 124-11, Univ. of Texas, Austin, TX.
21. Dunston, P. S., and Reed, A. G. (2000). Benefits of small projects team initiative. J. Constr. Eng. Manage., 126 (1), 22-28. JCEMD4 0733-9364 10.1061/(ASCE)0733-9364(2000)126:1(22)
22. Flyvbjerg, B. (2006). Five misunderstandings about case-study research. Qual. Inq., 12 (2), 219-245. 1077-8004 10.1177/1077800405284363 (Pubitemid 43538853)
23. Flyvbjerg, B., Holm, M., and Buhl, S. (2002). Underestimating costs in public works projects: Error or lie? J. Am. Plan. Assn., 68 (3), 279-295.
24. Gransberg, D. D., Lopez del Puerto, C., and Humphrey, D. (2007). Relating cost growth from the initial estimate versus design fee for transportation projects. J. Constr. Eng. Manage. JCEMD4 0733-9364, 133 (6), 404-408. 10.1061/(ASCE)0733-9364(2007)133:6(404) (Pubitemid 46759481)
25. Hastak, M. (1994). Decision support system for project cost control strategy and planning. Ph.D. thesis, Purdue Univ., West Lafayette, IN.
26. Hastak, M., and Earl J. Baim (2001). Risk factors affecting management and maintenance cost of urban infrastructure. J. Infrastruct. Syst. JITSE4 1076-0342, 7 (2), 67-76. 10.1061/(ASCE)1076-0342(2001)7:2(67) (Pubitemid 32548394)
27. Hastak M., Gokhale, S., Safi, B., and Bayraktar, M. E. (2006). Trade-off between cost and schedule. Research Rep. 214-11, Construction Industry Inst. (CII), Univ. of Texas, Austin, TX.
28. Ibbs, W., Kwak, Y., Ng, T., and Odabasi, M. (2003). Project delivery systems and project change: Quantitative analysis. J. Constr. Eng. Manage. JCEMD4 0733-9364, 129 (4), 382-387. 10.1061/(ASCE)0733-9364(2003)129:4(382) (Pubitemid 40265451)
29. Leichter, G., and Turstam, L. (2005). An alternative approach to the modular design and construction of large-scale bulk biopharmaceutical manufacturing facilities. http://www.pharmadule.com/filearchive/6/695/PHE- june2004.pdf (Aug. 26, 2011).
30. Mao, X., and Zhang, X. (2008). Construction process reengineering by integrating lean principles and computer simulation techniques. J. Constr. Eng. Manage. JCEMD4 0733-9364, 134 (5), 371-381. 10.1061/(ASCE)0733-9364(2008)134: 5(371) (Pubitemid 351578591)
31. Maturana, S., Alarcon, L., Gazmuri, P., and Vrsalovic, M. (2007). On-site subcontractor evaluation method based on lean principles and partnering practices. J. Manage. Eng., 23 (2), 67-74. JMENEA 0742-597X 10.1061/(ASCE)0742- 597X(2007)23:2(67) (Pubitemid 46447982)
32. Molenaar, K. R. (2005). Programmatic cost risk analysis for highway mega-projects. J. Constr. Eng. Manage. JCEMD4 0733-9364, 131 (3), 343-353. 10.1061/(ASCE)0733-9364(2005)131:3(343) (Pubitemid 40303942)
33. Molenaar, K. R., and Wilson, C. R. (2009). A risk-based approach to contingency estimation in highway project development. Proc., Construction Research Congr., S. T. Ariaratnam, and, E. M. Rojas, eds., ASCE, Reston, VA, 786-795.
34. McKinsey Global Institute (MGI). (2003). Competing in a value-driven world. Research Rep., McKinsey & Company, Washington, DC.
35. Robinson, P. (2005). Business excellence-The integrated solution to planning and control. BPIC, Hove, UK, http://www.bpic.co.uk/clickbank.htm (Aug. 26, 2011).
36. Sacks, R., and Goldin, M. (2007). Lean management model for construction of high-rise apartment buildings. J. Constr. Eng. Manage. JCEMD4 0733-9364, 133 (5), 374-384. 10.1061/(ASCE)0733-9364(2007)133:5(374) (Pubitemid 46610041)
37. Shane, J., Molenaar, K., Anderson, S., and Schexnayder, C. (2009). Construction project cost escalation factors. J. Manage. Eng., 25 (4), 221-229. JMENEA 0742-597X 10.1061/(ASCE)0742-597X(2009)25:4(221)
38. Sternbach, J. (1988). Negotiating and contracting for professional services. NCHRP synthesis of highway practice 137, National Cooperative Highway Research Program, Transportation Research Board, Washington, DC,.
39. Taylor, J., Dossick, C., Garvin, M. (2009). Constructing research with case studies. Proc., Construction Research Congress, ASCE, Reston, VA.
40. Yin, R. K. (2003). Case study research: Design and methods, Sage Publications, Thousand Oaks, CA.