Yamini N. Deshvena,
Raju R. Kulkarni,
- Civil Engineering Department, Shri Shivaji Institute of Engineering & Management Studies, M.S. India
- Assistant professor Civil Engineering Department, Shri Shivaji Institute of Engineering & Management Studies, M.S. India
Abstract
In the realm of construction project management, the integration of Building Information Modeling (BIM) with dynamic cost projection tools represents a pivotal advancement. This paper explores the synergy between BIM and cost estimation, emphasizing their collective potential to revolutionize project budgeting. By harnessing real-time data and predictive analytics, BIM facilitates accurate and proactive cost projections throughout the project lifecycle. This integration not only enhances cost estimation precision but also fosters informed decision-making, resource optimization, and risk mitigation. Through case studies and industry examples, this study illuminates the transformative impact of BIM-integrated dynamic cost projection on construction project management. Ultimately, it underscores the imperative for stakeholders to adopt these technologies to achieve enhanced efficiency, cost control, and project success.
Keywords: Building Information Modeling (BIM), dynamic cost projection, construction project management, cost estimation, predictive analytics
[This article belongs to Journal of Construction Engineering, Technology & Management(jocetm)]
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Journal of Construction Engineering, Technology & Management
| Volume | 14 |
| Issue | 02 |
| Received | June 19, 2024 |
| Accepted | July 10, 2024 |
| Published | July 11, 2024 |