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Case Study on Inventory Analytics of the construction project to be started in the month of March 2020. In this project

Category: Accounting & Finance Paper Type: Case Study Writing Reference: APA Words: 1150

Introduction of the construction project to be started in the month of March 2020. In this project

                 The case study is about the construction project to be started in the month of March 2020. In this project, a building will be constructed in the selected location after clearing the site and installing of turf. The present work is about the analysis of this construction project management plan. In this case study analysis report, date of completion for all activities along with the penalties schedule, analysis of three proposals, and December non-working days effects are discussed in detail. 

Date of Completion and Penalties of the construction project to be started in the month of March 2020. In this project

              According to the shared information in the case study, the company is required to complete at least 13 activities or construction-related task to complete this project. If we start the project from the first working day of March 2020 [which is 2/3/2020] then we would be able to accomplish it on February 4 2020.  A majority of activities are interlinked with each other and we cannot proceed to the next activity before the completion of a previously started activity. The most time taking activities are enlisted below

1)      Installing turf

2)      Constructing walls

3)      Construction of Roof

4)      Earth filling and Leveling

See the following work schedule regarding this construction project.


Activity / Task

Start Date

Weeks

End Date

1)      Site Clearing

Monday, March 2, 2020

8

Friday, April 24, 2020

2)      Installing Drainage

Monday, April 27, 2020

8

Friday, June 19, 2020

3)      Earth-filling & Levelling

Monday, June 22, 2020

14

Friday, September 25, 2020

4)      Installing turf

Monday, September 28, 2020

12

Friday, December 18, 2020

5)      Excavating

Monday, December 21, 2020

4

Friday, January 15, 2021

6)      Pouring concrete for basement

Monday, January 18, 2021

4

Friday, February 12, 2021

7)      Construction of the walls

Monday, February 15, 2021

12

Friday, May 7, 2021

8)      Constructing the roof

Monday, May 10, 2021

13

Friday, August 6, 2021

9)      Interior work

Friday, August 6, 2021

5

Friday, September 10, 2021

10)  Approval

Monday, September 13, 2021

4

Friday, October 8, 2021

11)  Power lines

Monday, October 11, 2021

8

Friday, December 3, 2021

12)  Electrical work

Monday, December 6, 2021

5

Friday, January 7, 2022

13)  Internal painting

Monday, January 10, 2022

4

Friday, February 4, 2022


According to the plan, construction project was required to accomplished before December 2020 therefore the time after this deadline would be have penalty for the project management. The following schedule represent total expected penalty for this project.

Activity / Task

Weeks

Penalty

1)      Site Clearing

8

 $                                            -  

2)      Installing Drainage

8

 $                                            -  

3)      Earth-filling & Levelling

14

 $                                            -  

4)      Installing turf

12

 $                                            -  

5)      Excavating

4

 $                             30,000.00

6)      Pouring concrete for basement

4

 $                             40,000.00

7)      Construction of the walls

12

 $                           120,000.00

8)      Constructing the roof

13

 $                           130,000.00

9)      Interior work

5

 $                             50,000.00

10)  Approval

4

 $                             40,000.00

11)  Power lines

8

 $                             80,000.00

12)  Electrical work

5

 $                             50,000.00

13)  Internal painting

4

 $                             40,000.00

Total Amount

 $                                           580,000.00

Following the above table, company would be required to pay $580, 000 as penalty for the delay of 58 weeks.

Analysis of Three Proposals of the construction project to be started in the month of March 2020. In this project

In this case study, three proposals are suggested for the project management to reduce time and penalty.

Proposal: 1  

This proposal will reduce the 6-week duration by expediting overall construction work started by the construction company at the cost of $20,000. The net benefit of this proposal is

The net benefit produced by proposal three would be $51, 000.

Decision of the construction project to be started in the month of March 2020. In this project:

Based on the calculation it is decided that the company would have more benefits if proposal three is selected. The additional required cost by proposal three is less than other proposals. Although, the net benefit amount of this proposal is greater than other proposals. So, proposal three will be selected for this project.

December Non-Working Days of the construction project to be started in the month of March 2020. In this project

             According to the working schedule, workers had to work in December. Somehow, in case of extreme cool weather in December workforce would not be able to work properly. In such a situation, the company would have to give leaves to all employees and construction labour for the full month of December. This decision would generate a direct impact on the time schedule of this construction project. In the whole project duration, December will come two times therefore overall project time will have a delay of two months. Moreover, because of this delayed project will also have an increase in the amount of project penalty.

Conclusion of the construction project to be started in the month of March 2020. In this project

             The whole discussion concludes that the construction company is having a construction project for a building. The construction project will be completed on 2 February 2022. Because of the delay, the company will have to pay a penalty amount of $580,000. However, this amount will be reduced by the selection of an appropriate project proposal for the company. The proposal three will provide greater net benefit than proposal one and two. 

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