Background
Managing construction projects within strict deadlines and limited budgets is a huge challenge and many projects experience cost overruns and delays. For contractors to compete nationally and internationally in the multi-billion dollar construction industry, they need tools to efficiently manage project resources, increase productivity, meet constraints, and bring projects to profitability. Existing project management software does not provide a level of data analysis granularity to provide decision support for optimizing operations, automate progress tracking, and identify cost-effective corrective actions to keep projects on track.
Description of the Invention
Waterloo’s “Easy Plan” project management software utilizes a novel “critical path segmentation” (CPS) methodology that allows tasks to be further sub-divided for further dynamic optimization and resource re-allocation functionality. The CPS methodology overcome the key drawbacks of existing commercial systems through: powerful optimization of construction plans; audio/visual tracking of progress; more accurate computation of project schedules; integration of project management concepts; and management of multiple repetitive infrastructure projects. EasyPlan targets variety of users including construction companies, municipalities, and project management firms who require a simple yet advanced tool to support decisions related to cost-effective management of projects.
Advantages
Potential Applications
The University of Waterloo, renowned for its innovative spirit and co-op education model, excels in cutting-edge research across diverse fields, including advanced manufacturing, artificial intelligence, sustainability, and health technologies.
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