MINIMIZE TIME AND COST FOR SUCCESSFUL COMPLETION OF A LARGE SCALE PROJECT APPLYING PROJECT CRASHING METHOD

Abstract

The design and operation of large scale project has become of concern to an ever increasing segment of
the scientific and professional world. It is very difficult task to complete the selected project within the
range of Budget resources and time. Thus scheduling and Estimation of cost are tremendous tasks for
the project. Large project involves a lot of activities and barrier to schedule and estimate. In this work a
new idea which is very effective to schedule time as well as cost estimation of the large project applying
PERT/CPM and Project Crashing Method are developed. At first divide the whole project into number
of activities and select the preceding and succeeding activities to build up a network diagram which
ensures the critical path of the project. Then we use crashing to find the minimum required time for
successful competition of the project. In addition to this work we have included a new scheduling
technique by using the Earliest event time that can easily compute the time and cost of the project.
Finally, algorithms are developed to perform the mentioned task in a sequential manner.