Holistic View of Time Management: Time, Cost and Quality Integration
4.2.1 While the goal of these guidelines is to describe time management, the same cannot be viewed in isolation and shall be considered along with other dimensions of construction project management such as cost, quality, safety, scope, etc.
It shall be necessary to draw up an optimum time frame keeping in view the following:
a) Past experience of similar projects.
b) Location and weather conditions.
c) Time and other constraints laid down by the owner and other stakeholders.
d) Availability of resources such as personnel, funds, equipment, etc.
e) Time required for proper execution of various activities without compromising quality and safety.
4.2.1.1 The activities may be grouped under the following stages:
a) Pre-construction stage:
1) Project development,
2) Planning for construction, and
3) Tender action.
b) Construction stage.
c) Commissioning and handing over stage.
4.2.2 It is important to draw a rational and realistic time schedule for the various activities of the project. Working on too short time frame may adversely affect the quality, safety and economy of execution, whereas if the project time frame is larger than the optimum, the cost escalation, overheads, etc, increase the cost besides the delay in intended benefits of the project.