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CONSTRUCTION SCHEDULING & Cost Control PDF
CONSTRUCTION SCHEDULING & Cost Control PDF
COST CONTROL
By
Planning:
Process of choosing the method and
order of work
Scheduling:
Process of determining the interrelationship
of associated timings of operations.
Steps in Construction Scheduling
Splitting
of the project into work activities
Determining logic relationships/interrelationships
between activities.
Construction of Network Diagrams.
Assigning durations to work activities.
CPM Calculations resulting in start times, finish
times and float calculations of activities.
Marking of critical Path
Construction of Bar Charts / Time phased
diagrams.
Activity
1. Arrow Diagram
2. Node Diagram / Precedence Diagram
Arrow Diagrams
Any time units may be allotted to activity durations like days, hours, weeks,
months, shifts, etc.
1- Resource Planning
2- Cost Estimating
3- Cost Budgeting
4- Cost Control
1- Resource Planning
1. Expert Judgment
2. Alternative identifications:
To adopt different approaches for
the same problem.
Outputs from Resource Planning
1. Resource Requirements:
Description of what types of resources
are required and in what quantities for
each element of the work break down
structure.
Cost Estimating
scheduled or non-scheduled
Activity Duration Estimates
Historical Information
Chart of Accounts:
Describes the coding structure used by the performing
organization to report financial information in its general
ledger
Tools and Techniques for Cost Estimating
Bottom-up Estimating:
Estimating the cost of individual work
items, then summarizing or rolling up the
individual estimates to get a project title.
(Detailed Estimate)
Computerized Tools:
Cost Estimates
Supporting Details like Scope of work,
Calculation sheet, Assumptions made,
Possible range of results, etc.
Cost Management Plan describing how cost
variances will be managed.
Cost Budgeting
Cost Estimates
Work Breakdown Structure
Project Schedule
Tools and Techniques for Cost Budgeting
CostBaseline
A time-phased budget that will be used to
measure and monitor cost performance
on the project. It is developed by
summing estimated costs by period and
is usually displayed in the form of an S-
curve.
Cost Control
Cost Baseline
Performance Reports
Change Requests
These may occur in many forms-oral or
written, direct or indirect, externally or
internally initiated, and legally mandated
or optional. These may require increasing
the budget or may allow decreasing it.
Tools and Techniques for Cost Control
Additional Planning
Perspective changes may require new or
revised cost estimates or analysis of
alternate approaches.
Computerized Tools
Outputs from Cost Control