engleski

A METHODOLOGY FOR OPTIMIZING COSTS AND DURATION IN ROAD CONSTRUCTION PROJECTS

Construction industry is observed as one of the worst and the most ineffective industrial branches in which only 1/3 of projects fulfill basic project management (PM) criteria. Therefore, this paper presents a novel methodology, for selecting the best solution for road construction projects, in regard time and cost criteria. The methodology relies on evaluation combination of direct (material, work and equipment) and indirect costs (derived from SPON methodology). Furthermore, it shows how optimal project scenario can be selected only after at least the two cost scenarios have been put together. Nevertheless, further research is needed, particularly in finding the critical activities which mostly influence project cost and time.

road project; duration; cost; optimization; alternatives; construction

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