Module 4 - Time Management - Presentation
Module 4 - Time Management - Presentation
Time Management in
Construction
by Divya Yalavarthi
Time Management
Ensures timely delivery and minimizes costs Reduces project delays and rework
Involves planning, scheduling, and controlling Enhances profitability and client satisfaction
Challenges to Time
Management
Unforeseen Events Design Changes
Weather, material shortages, Alterations require rework and
equipment failures schedule adjustments
Examples:
• Global Pandemic - External and Unpreventable
• Monsoon - External and Preventable
• Lift Equipment. - Internal and Preventable
Impacts
Financial Impact Operational Impact
• Cost Overruns → Higher labor, material, and equipment costs • Disruptions in Supply Chain → Affects material procurement
• Liquidated Damages → Penalties for missed deadlines • Worker Productivity Loss → Idle labor & unplanned overtime
• Loss of Revenue → Delayed occupancy, sales, or operations • Safety Risks → Rushed work compromises safety standards
• Increased Interest on Loans → Higher financing costs
Reputational Impact
• Loss of Trust → Stakeholders lose confidence in execution
• Negative Public Perception → Criticism over project delays
• Loss of Future Business → Fewer contract opportunities
Videos for Thought
Delayed and Over Budget: The Real Story of India's Why this church is still incomplete | Sagrada Familia
Infrastructure Projects
Part 2: Principles and Frameworks
Comparative _ Processes and Techniques
Aspect PMBOK (PMI) IS 15883 (Part 2) (BIS - India) PRINCE2 (UK)
Monte Carlo Simulation, Buffering, Risk- Focus on construction delays, buffer time, and Change theme ensures schedule flexibility
Handling Uncertainty
adjusted scheduling float management through structured approvals
Time Optimization Fast Tracking, Crashing, Lead & Lag Time-driven decision points, Exception-Based
Resource Allocation, Scheduling Optimization
Techniques Adjustments Management
Monte Carlo Simulation Used Not Typically Used Not Typically Used
1 Gantt Chart
Visual representation of tasks and their timelines
Time Optimization
Techniques
Leveraging Technology
Project management softwares, BIM, AI, machine learning
algorithms, drones, digital twin
Key Takeaways
Effective time management is essential for construction success