Level: Basic
TCM Section(s)
7.3. Cost Estimating and Budgeting
7.1. Project Scope and Execution Strategy Development
Venue: 2024 AACE International Conference & Expo
Abstract: This paper examines the utilization of productivity factors as a method for increasing the accuracy of labor cost estimation in construction projects. Traditional labor cost estimating approaches often overlook the intricate interplay of factors influencing workforce productivity. Through a review of productivity loss causes and their observed applications, this study highlights their potential to capture an improved project planning and resource allocation. The paper discusses challenges associated with project constraints, obstacles, and external influencing factors and provides a qualitative solution to accounting for productivity loss. Ultimately, this research contributes valuable insights into bridging the gap between theoretical productivity models and their effective integration into real-world infrastructure development.
TCM Section(s)
7.3. Cost Estimating and Budgeting
7.1. Project Scope and Execution Strategy Development
Venue: 2024 AACE International Conference & Expo
Abstract: This paper examines the utilization of productivity factors as a method for increasing the accuracy of labor cost estimation in construction projects. Traditional labor cost estimating approaches often overlook the intricate interplay of factors influencing workforce productivity. Through a review of productivity loss causes and their observed applications, this study highlights their potential to capture an improved project planning and resource allocation. The paper discusses challenges associated with project constraints, obstacles, and external influencing factors and provides a qualitative solution to accounting for productivity loss. Ultimately, this research contributes valuable insights into bridging the gap between theoretical productivity models and their effective integration into real-world infrastructure development.