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A Time and Cost-Based Integrated Planning Approach for Project Management and An Application
Authors: Aslı Aksoy, Mehmet Akansel, Canberk Atalay, Atalay Meriç Çamlıbel, Dilara Yaşar, Duygu Keseroğlu & Serdar Vanlıoğlu

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A Time and Cost-Based Integrated Planning Approach for Project Management and An Application
Purpose: In this work, with a special attention to an automotive supplier company which manufactures assembly lines on turn-key contracts, we aimed to identify the reasons of deviations from the proposed project delivery dates and estimated project budget and also minimize these deviations. Additionally, we developed a management tool that simultaneously considers activity times and costs in project management. Methodology: We applied several industrial engineering techniques when solving the general problem and developing the software tool to be utilized by the company in its project management process. Findings: We identified that the company strongly required a software tool that would help them simultaneously managing several projects by considering priorities, resource limitations, and budget expectations. Practical Implications: In this work, we developed a project management tool for an automotive supplier company which manufactures assembly lines. The utilization of the software tool helped the company reduce the deviations observed during the project phases, standardize its project scheduling and budget planning processes and significantly shorten its proposal preparation process. Originality: The project management software tool, which is the outcome of this work, includes both a database that collects several related data scattered around earlier and an algorithm that can be used in time and resource planning phases of project management. The most significant difference of this project management tool with respect to its alternatives is its simultaneous consideration of the activity durations, their precedence relationships, and workloads of the required resources.