It is believed that construction and engineering managers as well as project stakeholders will benefit from this system. Finally, the proposed solution will be tested in a real-case project. Secondly, the authors propose a methodology for the development of a system that will improve time and cost management of construction projects, within a virtual design and construction working environment. Firstly, the authors aim at providing an exhaustive background on the principal difficulties within the construction management industry and looking for ways for improvement, noticeably through the use of technology. EVM is widely used for monitoring and controlling time and cost parameters according to a baseline and rendering forecasts.īudget and schedule overruns in a big number of construction projects have set grounds for the present research. Time and cost controls are very important for any construction organization. Those models can also be enhanced if linked with schedule (4D) and costs (5D) the construction can thus be better planned almost entirely at the design phase. BIM improves technical work at the design stage by creating 3D models that integrate all building’s features and it better represents the infrastructure’s requirements. ![]() Technology is slowly breaking through construction management practices and new contractual methods are emerging. Project integration is essential for success designers and constructors must collaborate and communicate effectively to keep budgets and schedules on the right track. This situation made the industry reevaluate its performance and look into ways for improvement. Multiple issues such as decrease in labor productivity, poor identification of design requirements, and lack of steady and professional construction management hinder the construction industry. The authors demonstrate in this paper the validity of using the ITCMS through an actual project. The ITCMS is a useful tool for construction and engineering managers that strive to increase projects’ performance. The ITCMS is beneficial at the design stage construction professionals are able to synchronize the building model with time and cost parameters as well as optimize it through a clash detection process that results in budget and schedule compressions early on. The system consists of four modules and 13 different processes. The ITCMS enables early involvement and project integration plus thorough time and cost management. The present paper proposes an integrated time and cost management system (ITCMS), where an EVM platform is used in a virtual environment during the planning and construction phases of a project. Building Information Modeling (BIM) is recognized to improve the planning and realization of a construction project. Earned value management (EVM) enables better management of time and cost constraints. Technology is breaking through design and management practices. This situation has led to rethinking of the industry’s performance and how it could be improved. ![]() ![]() Many construction projects suffer from poor design and from inconsistent time and cost management.
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