Open AccessA Simulation Study of Duration-Budget Trade-Off in Home Renovation Project Management
Author(s) -
Rani Purbaningtyas
Publication year - 2021
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1817/1/012018
Subject(s) - duration (music) , critical path method , planner , project management , activity based costing , work (physics) , operations research , operations management , transport engineering , computer science , engineering , business , systems engineering , marketing , literature , programming language , mechanical engineering , art
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.