A Simulation Study on the Impact of Activity Crashing on the Project Duration and Cost under Different Budget Release Scenarios
Song, Jie Servranckx, Tom Martens, Annelies
Song, Jie
Servranckx, Tom
Martens, Annelies
Publication Type
Conference Proceeding
Editor
Supervisor
Publication Year
2020
Journal
Book
Annals of Computer Science and Information Systems
Publication Volume
00
Publication Issue
Publication Begin page
603
Publication End page
606
Publication Number of pages
Collections
Abstract
The main goal of project control is to identify project opportunities or problems during project execution, such that corrective actions can be taken to bring the project in danger back on track when necessary. In this study, we define different scenarios to allocate the limited budget used for the cost of activity execution, delays, and corrective actions, according to the timing and amount of the budget release. A large computational experiment is conducted on real-life project data to evaluate the performance of each scenario. The results show that both the timing and amount of the budget release have an effect on project performance.
Research Projects
Organizational Units
Journal Issue
Keywords
33 Built Environment and Design, 35 Commerce, Management, Tourism and Services, 40 Engineering, 3507 Strategy, Management and Organisational Behaviour, 4005 Civil Engineering, 3302 Building