SIMULATION AS A TOOL IN TIME SCHEDULING OF CONSTRUCTION PROJECTS (CASE STUDY)
Abstract
This study deals with using simulation as a tool in time scheduling of construction projects taking a real project as a case study. This study shows that there is no unique situation to execute a construction project regarding its duration or cost. Instead there are probabilities of risk in these features that must be taken in planning phase .Simulation is an effective tool to expect so many situations regarding project duration or cost in that it enables the manager to take a wide range view or the construction in planning phase. In this study an Excel simulation model was made and there was ability to expect a more likely duration for the project under this study (with an increase of 5%) and a more likely cost (with an increase of 0.7% ) . Taken three standard deviations from these values it was very reasonable to put in hand a tool that can be used by the project manager as a performance measure.
Keywords
Scheduling, Simulation, Critical Path Method, CPM, Direct Cost, D.C., Indirect Cost, I.C., Risk, Iraqi Dinar, I.D.Metrics