Work

Minimizing Delay in Construction Project at PT Freeport Indonesia using Crashing CPM-PERT Approach and Monte Carlo Simulation

Year: 2024

Type: article

Abstract: This research aims to develop an acceleration solution to improve the delayed construction project at PT Freeport Indonesia. The study integrates Critical Path Method-Program Evaluation and Review Technique (CPM-PERT) using Primavera software and Monte Carlo simulation to analyze the delayed schedule and improve project scheduling practices. These methodologies help identify critical activities, consider different time estimates, and predict the probability of multiple outcomes of the improved schedule. The study shows a 13.9% chance that the construction will be completed in 164 days, determined by the Crashing CPM-PERT method combined with the Monte Carlo simulation. The findings provide a robust framework for enhancing project scheduling practices, leading to more accurate schedule analysis and better schedule performance.

Source: European Journal of Business Management and Research

DOI: 10.24018/ejbmr.2024.9.5.2448

Authors: Budi Nuranto Kurniawan, Nur Budi Mulyono

Institution: Bandung Institute of Technology

Language: English

Topic: Resource-Constrained Project Scheduling

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: diamond

Funder: Freeport-McMoRan Foundation