Published Paper Details:

In construction projects, the most vital aspects considered during planning of every project is cost and time. Each project aims to complete, along with assured quality, within specified time, cost, and scope. But in modern methods, project managers have trouble continuously monitoring work progress, reviewing strategies, tracking costs and resources, and taking corrective measures where appropriate. In the present work, efforts are being made to equate total cost and time savings using construction management methods for multi-storey residential buildings. Later, In the same case study, the principle of value engineering is used to indicate cost and construction time savings. Pereto law, which specifies that 30 percent of a project's activities must bear 70 percent of the construction expense, is used to define the activities that can be changed to achieve economy. Lean techniques were applied to activities contributing 70 percent of the cost, to improve the efficiency of construction processes by reducing waste and maximizing resources.