It is most often impractical to discuss cost control without giving
attention to monitoring schedules. Construction typically involves a
deadline for work completion, so contractual agreements will force attention
to schedules. More generally, delays in construction represent additional
costs due to escalation, late facility occupancy or other factors. Just
as costs incurred are compared to budgeted costs, actual activity durations
may be compared to expected durations.
Projects involve a complex inter-relationship between time and cost.
As projects proceed, delays influence costs and budgetary problems may
in turn require adjustments to activity schedules. Trade-offs are
often required. We identify the possible trade-offs, enhancing the
Taking this to a new level we utilize BIM 4D technologies in order
to analyze the construction schedule in detail.