MONITORING OF CONSTRUCTION PROJECT THROUGH BUFFER MANAGEMENT

Critical Chain Project Management is an effective method over Critical Path Method (CPM) for scheduling and monitoring the progress of a project. CPM leads to ineffective scheduling due to overestimation of duration and increases the overall project duration. The task estimates in CPM are based on guess work whereas CCPM reduces the duration of task to 50% to that of its original duration as uses the remaining 50% duration as buffer to protect the activity against delays. Also the availability of resources is not considered by the scheduler to develop optimal schedules. To overcome the shortcomings of CPM, a new project management methodology called “Critical Chain Project Management” (CCPM) was developed in 1990's by Dr. Eliyahu M. Goldratt after which various additions were given by different researcher to his research. CCPM is based on the philosophy of “Theory of Constraints” (TOC) which believes that every system has a constraint & without eliminating this constraint the system cannot progress. CCPM achieves its goal through buffer management. The developing countries like India mostly face the problems of project delays so CCPM can be applied to save the projects from time and cost overruns. This paper aims at the scheduling and monitoring the project using fever charts through buffer managemen