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Planning (Report)

a. Optimization of ‘Time’ and the ‘Resources’ (O'Reilly Media, 2017) (Dubey, 2015)

Assumptions: Start date of the project is 16/Oct/2017 (Monday)

Working time = 8 hours / day, from 8:30 AM to 5:30 PM

Public Holidays (Australian Government, 2017):

Christmas Day = 25/Dec/2017

Boxing Day = 26/Dec/2017

New Year’s Day = 1/Jan/2018

Australia Day = 26/Jan/2018

Good Friday = 30/Mar/2018

Easter Saturday to Monday = 31/Mar/2018 to 2/Apr/2018

 

Case-I: if we construct unit # 1 & unit # 2 in series, that is first the unit # 1 to be completed as a whole and then the Unit # 2 can be started. In that case, 

The overall duration of the project = 96 days for Unit # 1 + 96 days for Unit # 2 = 192 days

Dates: Unit # 1, Start date = 16/Oct/2017, End Date = 2/Mar/2018

Unit # 2, Start date = 3/Mar/2018, End Date = 18/Jul/2018

Cost of the project = 2 times the cost of Unit # 1. 

Cost of Unit # 1 = $ 29,896

Hence, the cost of two units = $ 29,896 x 2 = $ 59,792

 

Case-II: if we construct both the units # 1 & 2 together, then exactly double resources need to be mobilized at the same time interval or the duration of the Unit # 1. This case of resource allocation may become a major constraint for the project and the resource management could lead to the project failure. 

 

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