
Now a day’s construction industry is the second largest industry in world. But this industry faces many risks related to time and cost with the help of BIM we can minimize this risk. Building Information Modeling (BIM) is a technical tool that allows a project to build virtually before being built physically. By generating a 5D modelling we can manage any project related to time and cost. The BIM extends methodology into three dimensional (3D) drawings in the three primary dimensional width, height and depth. With the above, time as the fourth dimension (4D) and cost as the fifth dimension (5D). For 5D modelling we have to use some software’s such as AUTOCAD, REVIT ARCHITECTURE, MICROSOFT PROJECT, NEVIS TIMELINER. Firstly create 2D plan of any project then import into Revit architecture software. In Revit arch. Software obtain 3D model of the project. Then we have to use MSP software, all information should fill in MSP software. This MSP links into Navis Timeliner software with 3D model from revit Architecture. 5D BIM makes a perfect visualization tool to monitor the project progress. It is very easy and appropriate tool to be used for construction cost and resource management. All the steps of construction could be modified and managed at any point of time by simply clicking on the element and activity. Using this technology, time, cost and labour management becomes smooth and feasible.