Open AccessApplication Of The Work Breakdown Structure In Determining Cost Buffers In Construction Schedules
Author(s) -
Mieczysław Połoński
Publication year - 2015
Publication title -
archives of civil engineering
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.208
H-Index - 15
eISSN - 2300-3103
pISSN - 1230-2945
DOI - 10.1515/ace-2015-0010
Subject(s) - scheduling (production processes) , schedule , contingency , computer science , task (project management) , work (physics) , cost estimate , total cost , cost contingency , operations research , planner , software , work breakdown structure , reliability engineering , project management , engineering , operations management , relevant cost , project planning , operating system , systems engineering , mechanical engineering , linguistics , philosophy , opm3 , economics , microeconomics , programming language
The paper presents methods of determining the location of cost buffers and corresponding contingency costs in the CPM schedule based on its work breakdown structure. Application of correctly located cost buffers with appropriately established reserve costs is justified by the common overrunning of scheduled costs in construction projects. Interpolated cost buffers (CB) as separate tasks have been combined with relevant summary tasks by the start–to–start (SS) relationship, whereas the time of their execution has been dynamically connected with the time of accomplishment of particular summary tasks using the “paste connection” option. Besides cost buffers linked with the group of tasks assigned to summary tasks, a definition of the cost buffer for the entire project (PCB) has been proposed, i.e. as one initial task of the entire project. Contingency costs corresponding to these buffers, depending on the data that the planner has at his disposal, can be determined using different methods, but always depend on the costs of all tasks protected by each buffer. The paper presents an exemplary schedule for a facility and the method of determining locations and cost for buffers CB and PCB, as well as their influence on the course of the curve illustrating the budgeted cost of work scheduled (BCWS). The proposed solution has been adjusted and presented with consideration of the possibilities created by the scheduling software MS Project, though its general assumptions may be implemented with application of other similar specialist tools.