We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
INDICATOR FOR PROJECT OPTIMIZATION WITH THE COSTTIME INVESTMENT CRITERION.
- Authors
Buchmeister, Borut; Palcic, Iztok
- Abstract
Companies have to look permanently for new strategies and tools to improve processes, decrease cost and increase productivity and efficiency. Projects are one of the basic means by which a company achieves its competitive advantage and successful business operations. Among all success criteria, factors and frameworks, quality, costs and time remain the most important ones. They are also interdependent, especially in the field of project scheduling, which is our major research field. In the paper, we deal with a case study of a selected simple test project. We are introducing cost-time profiles to the project area. We want to find out the impact of non-critical activities execution periods to project's cost-time investment. Using slack for delay of such activities brings essential total improvements. The results show that the differences are significant, bringing a potential for project optimization. Additionally we compare the cases with the special indicator - coefficient of investment.
- Subjects
MATHEMATICAL optimization; PRODUCTIVITY accounting; OPERATIONS management; PRODUCTION scheduling; COST; INVESTMENTS
- Publication
Annals of DAAAM & Proceedings, 2015, Vol 26, Issue 1, p0012
- ISSN
1726-9679
- Publication type
Case Study
- DOI
10.2507/26th.daaam.proceedings.002