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This paper endeavors to critically examine the trade‐offs among project objectives and their underlying assumptions.
Abstract
Purpose
This paper endeavors to critically examine the trade‐offs among project objectives and their underlying assumptions.
Design/methodology/approach
Effect‐cause‐effect (ECE) methodology of theory of constraints (TOC) has been applied to examine the assumptions behind successfully managing business projects.
Findings
The essence of discussion in this paper leads towards the realization that a possibility exists for time, cost and quality objectives to be pursued collectively in a project management environment.
Research limitations/implications
This paper evaluates to what extent trade‐offs among project objectives actually exist and explores the possibility of their co‐existence in a project management environment. This realization can significantly impact the project trade‐off models in existing literature.
Originality/value
Time, cost and quality have been recognized to be important objectives to successfully complete a project and several studies have acknowledged the necessity to address their trade‐offs. However, most of these studies have taken the trade‐offs for granted without critically examining the assumptions behind such trade‐offs. The present paper fills that gap by applying ECE approach of TOC to examine project management trade‐off assumptions. There‐in lies the value of the current paper.
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Tianqi Wang, Moatassem Abdallah, Caroline Clevenger and Shahryar Monghasemi
Achieving project objectives in constructionprojects such as time, cost and quality is a challenging task. Minimizing project cost often results in additional project duration and…
Abstract
Purpose
Achieving project objectives in constructionprojects such as time, cost and quality is a challenging task. Minimizing project cost often results in additional project duration and might jeopardize quality, and minimizing project duration often results in additional cost and might jeopardize quality. Also, increasing construction quality often results in additional cost and time. The purpose of this paper is to identify and analyze trade-offs among the project objectives of time, cost and quality.
Design/methodology/approach
The optimization model adopted a quantitative research method and is developed in two main steps formulation step that focuses on identifying model decision variables and formulating objective functions, and implementation step that executes the model computations using multi-objective optimization of Non-Dominated Sorting Genetic Algorithms to identify the aforementioned trade-offs, and codes the model using python. The model performance is verified and tested using a case study of construction project consisting of 20 activities.
Findings
The model was able to show practical and needed value for construction managers by identifying various trade-off solutions between the project objectives of time, cost and quality. For example, the model was able to identify the shortest project duration at 84 days while keeping cost under $440,000 and quality higher than 85 percent. However, with an additional budget of $20,000 (4.5 percent increase), the quality can be increased to 0.935 (8.5 percent improvement).
Research limitations/implications
The present research work is limited to project objectives of time, cost and quality. Future expansion of the model will focus on additional project objectives such as safety and sustainability. Furthermore, new optimization models can be developed for construction projects with repetitive nature such as roads, tunnels and high rise buildings.
Practical implications
The present model advances existing research in planning construction projects efficiently and achieving important project objectives. On the practical side, the optimization model will support the construction industry by allowing construction managers to identify the highest quality to deliver a construction project within specified budget and duration, lowest cost for specified duration and quality or shortest duration for specified budget and quality.
Originality/value
The present model introduces new and innovative method of increasing working hours per day and number of working days per shift while analyzing labor working efficiency and overtime rate to identify optimal trade-offs among important project objectives of time, cost and quality.
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Sayyid Ali Banihashemi and Mohammad Khalilzadeh
The purpose of this paper is to evaluate project activities' efficiency in different execution modes for the optimization of time–cost-quality and environmental impacts trade-off…
Abstract
Purpose
The purpose of this paper is to evaluate project activities' efficiency in different execution modes for the optimization of time–cost-quality and environmental impacts trade-off problem.
Design/methodology/approach
This paper presents a parallel Data Envelopment Analysis (DEA) method for evaluation of project activities with different execution modes to select the best execution mode and find a trade-off between objectives. Also, according to the nature of the project activities, outputs are categorized into desirable (quality) and undesirable (time, cost and environmental impacts) and analyzed based on the DEA model. In order to rank efficient execution modes, the ideal and anti-ideal virtual units method is used. The proposed model is implemented on a real case of a rural water supply construction project to demonstrate its validity.
Findings
The findings show that the use of the efficient execution mode in each activity leads to an optimal trade-off between the four project objectives (time, cost, quality and environmental impacts).
Practical implications
This study help project managers and practitioners with choosing the most efficient execution modes of project activities taking time–cost-quality-environmental impacts into account.
Originality/value
In this paper, in addition to time and cost optimization of construction projects, quality factors and environmental impacts are considered. Further to the authors' knowledge, there is no method for evaluating project activities' efficiency. The efficiency of different activity modes is also evaluated for the first time to select the most efficient modes. This research can assist project managers with choosing the most appropriate execution modes for the activities to ultimately accomplish the project with the lowest time, cost and environmental impacts along with the highest quality.
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Duc-Hoc Tran and Putri Basenda Tarigan
The concept of sustainability is about the relationships among people, the planet, and profit. Nowadays, it has been spread to many areas, including construction projects…
Abstract
The concept of sustainability is about the relationships among people, the planet, and profit. Nowadays, it has been spread to many areas, including construction projects. Sustainability in construction projects has been so important in the present time. It is commonly pointed to the environment and construction materials. Nevertheless, it is also important in construction management which addresses sustainable project scheduling. Sustainable project scheduling will help to deliver the project under the deadlines, within the available budget, and also ensuring about the quality of the works. This study presents the trade-off among time, cost, and quality in the construction project to provide the decision-maker some alternative solutions in the planning phase to conduct a sustainable construction project. Multi-objective optimisation using Symbiotic Organism Search (SOS) algorithm is done to find the best solutions to the problem under investigation. Then, fuzzy logic approach is utilised to model the diverse environment and uncertainty in the construction project. A case study in repetitive construction project is analysed to see the capability of the model to work in time cost quality trade-off to reach into a sustainable construction project.
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Pouyan Mahdavi-Roshan and Seyed Meysam Mousavi
Most projects are facing delays, and accelerating the pace of project progress is a necessity. Project managers are responsible for completing the project on time with minimum cost…
Abstract
Purpose
Most projects are facing delays, and accelerating the pace of project progress is a necessity. Project managers are responsible for completing the project on time with minimum cost and with maximum quality. This study provides a trade-off between time, cost, and quality objectives to optimize project scheduling.
Design/methodology/approach
The current paper presents a new resource-constrained multi-mode time–cost–quality trade-off project scheduling model with lags under finish-to-start relations. To be more realistic, crashing and overlapping techniques are utilized. To handle uncertainty, which is a source of project complexity, interval-valued fuzzy sets are adopted on several parameters. In addition, a new hybrid solution approach is developed to cope with interval-valued fuzzy mathematical model that is based on different alpha-levels and compensatory methods. To find the compatible solution among conflicting objectives, an arithmetical average method is provided as a compensatory approach.
Findings
The interval-valued fuzzy sets approach proposed in this paper is denoted to be scalable, efficient, generalizable and practical in project environments. The results demonstrated that the crashing and overlapping techniques improve time–cost–quality trade-off project scheduling model. Also, interval-valued fuzzy sets can properly manage expressions of the uncertainty of projects which are realistic and practical. The proposed mathematical model is validated by solving a medium-sized dataset an adopted case study. In addition, with a sensitivity analysis approach, the solutions are compared and the model performance is confirmed.
Originality/value
This paper introduces a new continuous-based, resource-constrained, and multi-mode model with crashing and overlapping techniques simultaneously. In addition, a new hybrid compensatory solution approach is extended based on different alpha-levels to handle interval-valued fuzzy multi-objective mathematical model of project scheduling with influential uncertain parameters.
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Marimuthu Kannimuthu, Benny Raphael, Ekambaram Palaneeswaran and Ananthanarayanan Kuppuswamy
The purpose of this paper is to develop a framework to optimize time, cost and quality in a multi-mode resource-constrained project scheduling environment.
Abstract
Purpose
The purpose of this paper is to develop a framework to optimize time, cost and quality in a multi-mode resource-constrained project scheduling environment.
Design/methodology/approach
A case study approach identified the activity execution modes in building construction projects in India to support multi-mode resource-constrained project scheduling. The data required to compute time, cost and quality of each activity are compiled from real construction projects. A binary integer-programming model has been developed to perform multi-objective optimization and identify Pareto optimal solutions. The RR-PARETO3 algorithm was used to identify the best compromise trade-off solutions. The effectiveness of the proposed framework is demonstrated through sample case study projects.
Findings
Results show that good compromise solutions are obtained through multi-objective optimization of time, cost and quality.
Research limitations/implications
Case study data sets were collected only from eight building construction projects in India.
Practical implications
It is feasible to adopt multi-objective optimization in practical construction projects using time, cost and quality as the objectives; Pareto surfaces help to quantify relationships among time, cost and quality. It is shown that cost can be reduced by increasing the duration, and quality can be improved only by increasing the cost.
Originality/value
The use of different activity execution modes compiled from multiple projects in optimization is illustrated, and good compromise solutions for the multi-mode resource-constrained project scheduling problems using multi-objective optimization are identified.
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Marimuthu Kannimuthu, Benny Raphael, Palaneeswaran Ekambaram and Ananthanarayanan Kuppuswamy
Construction firms keep minimal resources to maintain productive working capital. Hence, resources are constrained and have to be shared among multiple projects in an…
Abstract
Purpose
Construction firms keep minimal resources to maintain productive working capital. Hence, resources are constrained and have to be shared among multiple projects in an organization. Optimal allocation of resources is a key challenge in such situations. Several approaches and heuristics have been proposed for this task. The purpose of this paper is to compare two approaches for multi-mode resource-constrained project scheduling in a multi-project environment. These are the single-project approach (portfolio optimization) and the multi-project approach (each project is optimized individually, and then heuristic rules are used to satisfy the portfolio constraint).
Design/methodology/approach
A direct search algorithm called Probabilistic Global Search Lausanne is used for schedule optimization. Multiple solutions are generated that achieve different trade-offs among the three criteria, namely, time, cost and quality. Good compromise solutions among these are identified using a multi-criteria decision making method, Relaxed Restricted Pareto Version 4. The solutions obtained using the single-project and multi-project approaches are compared in order to evaluate their advantages and disadvantages. Data from two sources are used for the evaluation: modified multi-mode resource-constrained project scheduling problem data sets from the project scheduling problem library (PSPLIB) and three real case study projects in India.
Findings
Computational results prove the superiority of the single-project approach over heuristic priority rules (multi-project approach). The single-project approach identifies better solutions compared to the multi-project approach. However, the multi-project approach involves fewer optimization variables and is faster in execution.
Research limitations/implications
It is feasible to adopt the single-project approach in practice; realistic resource constraints can be incorporated in a multi-objective optimization formulation; and good compromise solutions that achieve acceptable trade-offs among the conflicting objectives can be identified.
Originality/value
An integer programming model was developed in this research to optimize the multiple objectives in a multi-project environment considering explicit resource constraints and maximum daily costs constraints. This model was used to compare the performance of the two multi-project environment approaches. Unlike existing work in this area, the model used to predict the quality of activity execution modes is based on data collected from real construction projects.
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Amin Mahmoudi and Mohammad Reza Feylizadeh
The purpose of this paper is to examine projects crashing based on the factors including cost, time, quality, risk and the law of diminishing returns.
Abstract
Purpose
The purpose of this paper is to examine projects crashing based on the factors including cost, time, quality, risk and the law of diminishing returns.
Design/methodology/approach
The paper first investigated effective factors on project crashing then proposed a grey linear programming model. In the proposed grey linear programming model, the costs of quality of works that include the cost of conformance and non-conformance of deliverables in the project were studied. The results are presented for considering the existing uncertainties using positioned programming under the sensitivity analysis table and graphs.
Findings
The lack of consideration of project risks will reduce the project success probability in future. The proposed model reduces the existing uncertainties to a significant extent by covering the project risks completely. Based on the law of diminishing returns, after a certain point technically known as saturation point, the increase of resources does not lead to the reduction of time and may even have negative impacts. Finding the saturation point for each activity prevents the excessive allocation of resources that can lead to reduction of productivity.
Practical implications
The main duty of each project manager is finishing the project in the framework of the determined objectives. In most of the cases, after the preparation of the initial project schedule by the project team, it is seen that there is a need for the time reduction. This study has used a grey linear programming model for optimum crashing of project activities. In order to make the model more realistic and applicable, the authors endeavoured to consider most of the factors that are involved in doing a project.
Originality/value
In the present study, to the best of the authors’ knowledge the factors of time, cost, quality, risk and the law of diminishing returns are simultaneously considered in project crashing for the first time and the grey theory was used for considering the uncertainties of project parameters. Also, “the law of diminishing returns” has not been considered during crashing in the studies conducted so far.
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Duc Hoc Tran and Luong Duc Long
As often in project scheduling, when the project duration is shortened to reduce total cost, the total float is lost resulting in more critical or nearly critical activities…
Abstract
Purpose
As often in project scheduling, when the project duration is shortened to reduce total cost, the total float is lost resulting in more critical or nearly critical activities. This, in turn, results in reducing the probability of completing the project on time and increases the risk of schedule delays. The objective of project management is to complete the scope of work on time, within budget in a safe fashion of risk to maximize overall project success. The purpose of this paper is to present an effective algorithm, named as adaptive multiple objective differential evolution (DE) for project scheduling with time, cost and risk trade-off (AMODE-TCR).
Design/methodology/approach
In this paper, a multi-objective optimization model for project scheduling is developed using DE algorithm. The AMODE modifies a population-based search procedure by using adaptive mutation strategy to prevent the optimization process from becoming a purely random or a purely greedy search. An elite archiving scheme is adopted to store elite solutions and by aptly using members of the archive to direct further search.
Findings
A numerical construction project case study demonstrates the ability of AMODE in generating non-dominated solutions to assist project managers to select an appropriate plan to optimize TCR problem, which is an operation that is typically difficult and time-consuming. Comparisons between the AMODE and currently widely used multiple objective algorithms verify the efficiency and effectiveness of the developed algorithm. The proposed model is expected to help project managers and decision makers in successfully completing the project on time and reduced risk by utilizing the available information and resources.
Originality/value
The paper presented a novel model that has three main contributions: First, this paper presents an effective and efficient adaptive multiple objective algorithms named as AMODE for producing optimized schedules considering time, cost and risk simultaneously. Second, the study introduces the effect of total float loss and resource control in order to enhance the schedule flexibility and reduce the risk of project delays. Third, the proposed model is capable of operating automatically without any human intervention.
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Nima Gerami Seresht, Rodolfo Lourenzutti, Ahmad Salah and Aminah Robinson Fayek
Due to the increasing size and complexity of construction projects, construction engineering and management involves the coordination of many complex and dynamic processes and…
Abstract
Due to the increasing size and complexity of construction projects, construction engineering and management involves the coordination of many complex and dynamic processes and relies on the analysis of uncertain, imprecise and incomplete information, including subjective and linguistically expressed information. Various modelling and computing techniques have been used by construction researchers and applied to practical construction problems in order to overcome these challenges, including fuzzy hybrid techniques. Fuzzy hybrid techniques combine the human-like reasoning capabilities of fuzzy logic with the capabilities of other techniques, such as optimization, machine learning, multi-criteria decision-making (MCDM) and simulation, to capitalise on their strengths and overcome their limitations. Based on a review of construction literature, this chapter identifies the most common types of fuzzy hybrid techniques applied to construction problems and reviews selected papers in each category of fuzzy hybrid technique to illustrate their capabilities for addressing construction challenges. Finally, this chapter discusses areas for future development of fuzzy hybrid techniques that will increase their capabilities for solving construction-related problems. The contributions of this chapter are threefold: (1) the limitations of some standard techniques for solving construction problems are discussed, as are the ways that fuzzy methods have been hybridized with these techniques in order to address their limitations; (2) a review of existing applications of fuzzy hybrid techniques in construction is provided in order to illustrate the capabilities of these techniques for solving a variety of construction problems and (3) potential improvements in each category of fuzzy hybrid technique in construction are provided, as areas for future research.
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