Provision of Escalation in Time and Cost

Provision of Escalation in Time and Cost

Proper planning of project work is required to execute the work most economically in terms of money & time both. The effective planning depends upon the following factor

1. Proper design of each element of the project

2. Proper selection of machinery and equipment for the execution of the project. In big projects the use of larger capacity plant has been found economical.

3. Proper arrangement of repair of machinery & equipment near the site of work to keep them ready for work.

4. Procurement of required material well in advance.

5. To ensure employment of trained and experienced staff on project.

6. To provide welfare schemes for the staff and workers such as medical and recreational facilities

7. To arrange constant flow of fund for completion project.

8. To provide proper safety measures such as proper ventilation, lights and water drainage, etc.

9. Proper arrangements for communication and feedback, etc

10. To provide incentives to good workers.