A Simulation Study of Duration-Budget Trade-Off in Home Renovation Project Management

Purbaningtyas, Rani (2020) A Simulation Study of Duration-Budget Trade-Off in Home Renovation Project Management. Journal of Physics: Conference Series, 1817 (1). pp. 1-11. ISSN 1742-6588

	Text (Artikel Simulation) ICCIEA 2020 - Simulation Study Renovation Project Management.pdf - Published Version Available under License Creative Commons Attribution Share Alike. Download (1MB)
	Text (Hasil similarity artikel Simulation) Similarity - A Simulation Study of Duration-Budget Trade-Off in Home Renovation Project Management .pdf - Published Version Download (1MB)
	Text (Hasil Peer Review) 4. A Simulation Study Of Duration Budget Trade Off.pdf - Supplemental Material Restricted to Repository staff only Download (638kB)

Abstract

This paper simulated home renovation project management with 15 work items to complete. All work items are depicted in a network diagram to help the project planner manage the house renovation project. CPM/PERT helps the project planner to determine the duration of work and the costs involved. CPM/PERT shows the period needed based on the critical path obtained is 40 days, with a cost requirement of IDR 89,750,000. The project crashing technique shortened the project's duration to 25 days, with an estimated total cost of IDR 112,100,000. The cost calculations for CPM/PERT and project crashing use the Activity Based Costing (ABC) method. This paper examines how to shortened duration impact the overall budget. Both the client and contractor can get an idea of how to complete the house renovation project and the cost requirements that accompany it.

Actions (login required)

View Item