APPLICATION OF ARTIFICIAL NEURAL NETWORKS TECHNIQUE TO PROJECT MANAGEMENT AND CONTROL: A PILOT ASSESSMENT OF SOME FIRMS IN LAGOS, NIGERIA

Onifade, M.K. and Oroye, O. A.

Abstract

Artificial neural networks (ANN) have found wide application to a variety of problems in project and construction management. This paper describes how ANN can be applied in the areas of construction, project monitory and control, which is capable of predicting project performance and productivity such as cost/budget variance, risk analysis and scheduling based on observations made from the project environment of some firms in Lagos State. The data obtained from the administered questionnaire were analyzed through descriptive and factor analysis. The analysis shows that ANN has significant effect on project productivity, schedule and cost estimation, and risk optimization. It was also observed that application of ANN in project management has not been considered in most firms in the country as the traditional methods such as Critical Path Analysis, PERT are still well utilized. It can be concluded that artificial neural network technique if applied in construction and project management is productive. Read full PDF

Keywords: Artificial neural networks, Project Management; productivity, Schedule Control, Cost Control, optimization

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