6
February
by Jeffrey C Kadlowec, Registered Architect Time, cost and quality (TCQ) are key performance indicators of any construction project. Trade-offs occur between minimizing duration and value while maximizing performance. Improvements towards one objective lead to deterioration of the others variables. Net present value (NPV) is greater when calculated periodically as real costs and overruns are realized at finish times (Kebriyaii 2021). Profitability can be optimized through financial analysis and effective decision making throughout the building lifecycle. Proposed financial models should be implemented for large scale-projects, along with environmental impact studies and consideration of social aspects, to ensure the success of.
