A Review Paper on Cost & Time Optimization by using MSP & CPM for the Economical Use of Manpower and Equipments in the Construction of Residential Buildings

In most of the reviews of literature it is seen that they are related to the cost optimization by schedule compression by different methods. The present topic is able to support for find out a new solution of cost and time optimization. Such type of study is not observed in any related review of literature, so the topic is novel. It is seen that there is a scope for research work in the area of advance construction and method. It is proposed to carry out some theoretical and analytical studies on proper utilization and combination of the equipment and manpower. After the optimization the cost of the project can be reduced. In this growing construction industry the equipment use is only for the excavation, due the large manpower use the time of the project increases, and also the cost may be increased. The expected outcome of this study is to reduce the total schedule of the project as well as the cost of the project.