Resource leveling is the smoothening of resource usage to increase project efficiency. It is performed to realize a trade off between project duration and project cost. Traditional project scheduling techniques do not take resource usage into account, and often produce erratic resource usage that drives up the project budget. For example, let's say you have a … [Read more...]
Day 5: Estimate the Project
Not too long ago I was presiding over the tender opening for a small bridge replacement project. I had recently heard of some stories from another, unrelated, government contact that a certain contractor had ended up in court with them, and it turned out that after opening several tenders that this particular contractor was the low bidder (so far). I was holding my … [Read more...]