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The CPM is a project-modeling technique developed in the late 1950s by Morgan R. Walker of DuPont and James E. Kelley Jr. of Remington Rand. [3] Kelley and Walker related their memories of the development of CPM in 1989. [4] Kelley attributed the term "critical path" to the developers of the PERT, which was developed at about the same time by ...
In project management, a schedule is a listing of a project 's milestones, activities, and deliverables. Usually dependencies and resources are defined for each task, then start and finish dates are estimated from the resource allocation, budget, task duration, and scheduled events. A schedule is commonly used in the project planning and ...
Equipment - (1) a category of cost for organizing and summarizing costs, (2) construction equipment used to execute the project work, (3) engineered equipment such as pumps or tanks. Escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period.
The construction industry has suffered from a productivity decline since the 1960s while all other non-farm industries have seen large boosts in productivity. Proponents of Integrated project delivery argue that problems in contemporary construction, such as buildings that are behind schedule and over budget, are due to adverse relations between the owner, general contractor, and architect.
Construction cost management is a fee-based service in which the construction manager (CM) is responsible exclusively to the owner, acting in the owner's interests at every stage of the project. The construction manager offers impartial advice on matters such as: Optimum use of available funds; Control of the scope of the work; Project scheduling
Construction delay. Construction delays are situations where project events occur at a later time than expected due to causes related to the client, consultant, and contractor etc. [1] In residential and light construction, construction delays are often the result of miscommunication between contractors, subcontractors, and property owners.
Lean construction. Lean construction is a combination of operational research and practical development in design and construction with an adoption of lean manufacturing principles and practices to the end-to-end design and construction process. Unlike manufacturing, construction is a project-based production process.
In project management, level of effort ( LOE) is a support-type project activity that must be done to support other work activities or the entire project effort. It usually consists of short amounts of work that must be repeated periodically. Examples of such an activity may be project budget accounting, customer liaison, or oiling machinery ...