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  2. Fast-track construction - Wikipedia

    en.wikipedia.org/wiki/Fast-track_construction

    If time is not crucial, owners may take a prudent approach to finish design and get a fixed lump-sum price before starting construction (the design–bid–build process). However, if there is a reason to speed project delivery, Fast-track can be used with any project delivery strategy, such as CM at Risk and Agency CM (see Construction ...

  3. Critical path method - Wikipedia

    en.wikipedia.org/wiki/Critical_path_method

    The project has two critical paths: activities B and C, or A, D, and F – giving a minimum project time of 7 months with fast tracking. Activity E is sub-critical, and has a float of 1 month. The critical path method ( CPM ), or critical path analysis ( CPA ), is an algorithm for scheduling a set of project activities. [ 1 ]

  4. Program evaluation and review technique - Wikipedia

    en.wikipedia.org/wiki/Program_Evaluation_and...

    The ES for finish is the greatest EF of its predecessor activities (f and g). Since f has an EF of 14.83 and g has an EF of 19.51, the ES of finish is 19.51. Finish is a milestone (and therefore has a duration of zero), so the EF is also 19.51. Barring any unforeseen events, the project should take 19.51 work days to complete. The next step is ...

  5. Critical path drag - Wikipedia

    en.wikipedia.org/wiki/Critical_path_drag

    The drag-plus-lag of B is 3 + 12 = 15. For each of C, E, and F, it is 20, 12, and 10 respectively. The lowest is F with 10. Since Activity A's duration is 20 which is higher than F's drag-plus-lag of 10, A's drag is 10. In other words, A is adding 10 units of time to the project duration.

  6. Milestone (project management) - Wikipedia

    en.wikipedia.org/wiki/Milestone_(project_management)

    Milestones are tools used in project management to mark specific points along a project timeline. These points may signal anchors such as a project start and end date, or a need for external review or input and budget checks. Some contracts for products include a "milestone fee" that may be paid out when certain points are achieved.

  7. Construction estimating software - Wikipedia

    en.wikipedia.org/wiki/Construction_estimating...

    A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...

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