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Accelerating the project

Accelerating the project. Edina Nagy Lajos Kiss Szabolcs Hornyák. Overview. Introduction Project acceleration terminology Normal Time, normal cost Crash Time, crash cost Direct Costs Indirect Costs Total Project Cost Optimum Project Duration Project acceleration principles

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Accelerating the project

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  1. Acceleratingthe project Edina NagyLajos KissSzabolcs Hornyák

  2. Overview • Introduction • Project accelerationterminology • Normal Time, normalcost • Crash Time, crashcost • DirectCosts • IndirectCosts • Total Project Cost • Optimum Project Duration • Project accelerationprinciples • References

  3. Introduction „When I knowallinformation, only canmake aright decisions.” Paulo Coelho

  4. Introduction • Steps of right decision: • Definiate: Time and costs • Analysedthepossibilities • Comparetheopportunities • Choosethebestway

  5. Project accelerationterminology Normal Time, normalcost Thisis theusualtimethatwould be neededtocarry out theelectricalservicesworkundernormalcircumstances, estimatedat 12 dayswith a cost of £10.000.

  6. Project accelerationterminology Crash Time, crash cost The crash time is the maximum time the operation can be compressed by increasing the resources. Crash time: 8 days Crash cost: £18.000

  7. Project accelerationterminology CostSlope

  8. Project accelerationterminology Activityranking • Analysedtheprecedencerelationship • Identifiedthecriticalactivities • Rankingbythecost • Reducetheduration • Definethecriticalpath

  9. Project accelerationterminology Directcosts: • Labour • Plants • Materials • Subcontractors • Overheads and profit

  10. Project accelerationterminology Indirectcosts: • Project supervision • Site hutting and accomodation • Site officetelephones,heating and lighting • Vans and site transport

  11. Project accelerationterminology Directcosts + Indirectcosts Total cost

  12. Optimum project duration

  13. Project accelerationprinciples Example – basedon a networkarrow diagram

  14. Project accelerationprinciples Project datas

  15. Project accelerationprinciples Normaltime / NormalCostanalysis

  16. Project accelerationprinciples Normaltime / NormalCostanalysis

  17. Project accelerationprinciples Revisedarrow diagram

  18. Project accelerationprinciples Reduction in project period

  19. References - pp. 186-196Paragraph 9.9Acceleratingthe project

  20. Thanks…

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