CHAPTER

2

BASIC CONCEPTS OF PROJECT CONTROLS

2.1 Review of Existing Research Work

Because time-cost optimization is an emerging field of study, not a lot of research work has been conducted on the subject. However, the following research papers related to this subject were studied. Their abstracts, which form the basis of this research, are provided below.

“Project Time–Cost Analysis Under Generalized Precedence Relations” by S. Sakellaropoulos & A. P. Chassiakos, 2004

The aim of this research paper is to develop a method that considers realistic project characteristics such as generalized activity precedence relations for particular activities. Existing methods for dealing with the time-cost trade-off problem have concentrated on the ...

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