...Construction Project Controls: Cost, Schedule, and Change Management UP-201 September 2004 CURT Owner Member Companies Abbott Laboratories Air Products & Chemicals, Inc. Ameren American Electric Power Baxter Healthcare Corporation Boeing Company Caterpillar Inc. Citigroup ConocoPhillips DTE Energy The Dow Chemical Company E.I. Dupont De Nemours & Company Eastman Kodak Company Ernst & Young ExxonMobil Chemical Company FMC Corporation FirstEnergy Corporation General Electric Company General Mills, Inc. General Motors Corporation HCA Healthcare Corporation Hercules, Inc. Honda of America Mfg., Inc. IBM Intel Corporation Johnson & Johnson Kansas City Power & Light Company The McGraw-Hill Companies MeadWestvaco Corporation Merck & Company, Inc. Owens Corning PSEG Power, LLC Pfizer, Inc. The Procter & Gamble Company Rohm and Haas Shell Global Solutions (U.S.), Inc. Southern Companies Sunoco, Inc. TECO Tampa Electric Company Toyota Motor Mfg. North America Tyco International U.S. Army Corps Of Engineers U.S. General Services Administration The University Of Cincinnati Associate Member Companies Alberici Group, Inc. BE&K Bechtel Egizii Electric, Inc. Fluor Corporation Hunt Construction Group Jacobs Engineering Group Rudolph/Libbe Companies The Shaw Group, Inc. Tetra Tech FW Inc. Turner Construction Company Zachry Construction Corporation Association Associate Members Associated Builders and Contractors (ABC) Associated General Contractors of America (AGC) Mechanical Contractors...
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...Cost Control in Design Process of China’s Construction Project Abstract As the ruthless competition in China’s construction industry, construction project requires a win-win method to acquire the maximal benefit and simultaneously to maintain the quality for keeping the place with the market. One method commended, cost control, especially in the design process, plays a very important role in the project procedure and financial management. This article presents the main implements of cost control utilizes in different aspects of construction and certain skills to control cost in design processes of construction project. These implements and skills could be very helpful for China’s construction companies to optimize their design process and offer beneficial influence to the following steps, increases the percentage of successful project in all projects; thereby to promote the development of the company and the whole industry. Key words: Design Process; Construction project; Cost control 1. Introduction Nowadays in China, the competition within construction industry is continuously increasing, and the profit spaces are limiting. As all the investment always expect for the maximal benefit, if a company want to keep the profit and position in the market in such complicated environment, the best method for it is applying cost control to the project. Cost control in financial management is an important aspect of project management over the whole life of projects. Successfully...
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...Exams | Msc Construction Project Management | Admission into the Masters of Science programme can be obtained through: (a) Candidates with B. Sc or B. Tech. (Building) with a minimum of second class lower or GPA not less than 2.50 (on a 5-point scale) (b) HND Building plus PGD (with upper credit) from any recognized university Duration and Mode of Study. The programme is a full time programme which runs for a minimum of 18 months. The mode of study for the programme is through a comprehensive course work to be examined in both oral and written papers, seminars and other necessary work to be contained in a submitted thesis. Employment Opportunities Graduate of the programme will have further relevance in the following areas: (a) Public sector, government ministries, parastatals and research institutes (b) Private sector employments and related industries, oil and gas, power and steel, telecommunications. COURSE CODE | COURSE TITLE | UNIT | BD 701 | Construction Plants and Equipments | 2 | BD 703 | Construction Planning and Contract Practice | 2 | BD 705 | Construction Finance | 2 | BD 707 | Research Methodology | 2 | BD 709 | Project Feasibility Analysis/Studies | 2 | BD 711 | Construction Management Process | 2 | BD 797 | Research Project I | 2 | | Plus One Elective | 2 | | Total | 16 | BD 701 Construction Plants and Equipment (2 units) Selection of plant and equipment for construction work. Factors affecting the selection. The cost of hiring/owning...
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...standards of corporate governance. There should have different Boards including the Board of Executives which is responsible for day-to-day activities and Board of Directors elected by the shareholders for supervising the Board of Executives. The Board of Directors holds the highest authority in the management of the corporation. The Executive Boards are responsible for operating business activities, managing staffs and developing business plan in collaboration with the Boards of Directors for the future of the organization. In B&O, the executives should design, develop and implement strategic plan for their project in a cost-effective and time-efficient manner. The Executive Board should discuss the planning with the Engineer Boards and Audit Committee in implementing and controlling the construction process. The Executive Board manages the reports on construction progress and on operations. The Executive Director plays a leadership role for an organization and also fulfills a motivational role in addition to office-based works. The Board of Directors may not be good at leadership or encourage staffs to perform daily works but Board of Directors is able to work with Board of Executives on strategic plans and evaluate the Executive Board’s performance. The Executive Director will make report to the Board of Directors so the Board of Directors should be independent from the Executive Board to review and evaluate how the Executive Board performs periodically. For example, in April...
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...Mod 3 1. Job order costing is a system for assigning manufacturing costs to individual products. Job order cost systems is used when products are made based on specific customer orders. Each product produced is considered a job. Costs are tracked by each job. 2. Residential Home Construction company 2a. A Job Order Cost system can be used to help maximize profits in a residential home construction company by measuring and recording direct material cost, direct labor cost and applying these costs to specific jobs. Each home can be considered a separate “job” and as such each home is billed separately. Once job order cost system has been utilized a construction company can determine the profit of building a specific type of home. By utilizing job order cost a construction company can identify whether using a certain material or laborer can reduce the cost of building and increase the profit margin, or vice versa. 2b. Cost control forces a construction company to ensure that all decisions made during the construction of a home are based on an estimate of cost propositions of the alternatives being considered, and that no decisions are taken whose cost propositions will cause the total budget to be surpassed. This ensures that each model will be profitable for the company. 2c. A residential home construction company can maximize profits by producing houses that have similar material and designs. A construction company has the potential of purchasing bricks, stone, wood, wiring...
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...For construction projects, quality control means making sure things are done according to the plans, specifications, and permit requirements. Quality is defined as 'fitness to purpose', in regards to how quality is significant for Bull’s Construction. It means providing a building that has an appropriate quality for the purpose for which it is intended. Moreover, a different way of looking at this concept is that the price of the building could potentially reflect the expectations of quality. A cheaper building probably uses inferior materials and is likely to be less attractive and less durable. Quality control in construction typically involves insuring compliance with minimum standards of material and workmanship in order to insure the performance of the facility according to the design. These minimum standards are contained in the specifications described in the previous section. For the purpose of insuring compliance, random samples and statistical methods are commonly used as the basis for accepting or rejecting work completed and batches of materials. Rejection of a batch is based on non-conformance or violation of the relevant design specifications. Procedures for this quality control practice are described in the following sections. One of the elements that our company will be utilizing to assure a quality measurement process for our projects is an inspector. An inspector tries to ensure that the job is done right the first time and that no major accidents occur...
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...Introduction “Construction Project Management is the overall planning, coordination, and control of a project from start to finish in order to deliver a function or a product that meets the client requirement within the allocated budget” (International Construction Project Management, 2003). In today’s world, construction management is becoming more complex and bigger in size (Favie & Maas, 2008). The emerging complexity in the construction industry has led to the need of an effective project control methods to deliver project on time and within budget specially that the construction industry is known as a highly dynamic industry were each project is unique and has its own characteristic. Nevertheless, the construction industry is known as...
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...Park to be developed by KLSJ Consulting. The charter describes the background and objectives for the project and explains the strategy behind the project management structure proposed by KLSJ Consulting. To meet the proposed targets, approval of this Project Charter by the owners of Carlington Aquatic Parks is required within 30 calendar days from the date of this report. The management philosophy for the project is as follows: KLSJ Consulting will manage the design, development, and construction of the park. KLSJ will hand over operations to the operations management team before the official opening. Carlington Aquatic Parks will retain approval authority for all critical design, marketing, and financial decisions throughout the project. Project team resources include the Project Manager, Project Leader (Design and Construction), Team Leader (Legal), and Team Leader (Financial) as well as a Risk Manager. The design and construction team also includes three junior members for the construction period. A contracted firm overseen by the Project Manager will carry out marketing. The Work Breakdown Structure (WBS) shown in Appendix A describes the high-level activities and schedule for the project, with the top two levels showing phases and then functions within each phase. Subsequent planning activities will breakdown these categories further into tasks. In some cases project tasks may still be rather lengthy; therefore, a subordinate WBS with increased granularity will be developed...
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...marker@shawgrp.com MSc Project Management SU235: Project Planning and Control Project Delays and Over-Run 18th April 2010 Bassam Bjeirmi Bassam Bjeirmi 22 (Including front Section) Contents Introduction 1.0 Lack of Risk Management Systems 2.0 Design and Project Changes 3.0 Unreasonable Project scope 4.0 Over-ambitious estimates and task assessment 4.1 Delay Analysis Technique 4.2 Critical, Non-Critical Delay and Float 4.3 Excusable and Non-Excusable Delays 4.4 Compensable and Non-Compensable Delays 4.5 Concurrent Delays 4.6 Methodology Types of Delay Analysis 5.0 Inappropriate Contractors 6.0 Conclusion 7.0 References Page 1 2 4 5 6 7 8 9 9 9 10 11 13 14 Executive Summary The purpose of this assignment is to provide a report that shows evidence of the student’s understanding and the ability to apply the contents of Module SU235: Project planning and control Management, by digesting the course literature and applying the course specifics. By functionally discussing project planning and control methods on the course website forum, the student absorbed the methodology and processes of project planning and control. With this knowledge the student composed the following assignment based on “Cost Overrun” and “Delays” in projects, annotating methods and processes to overcome these problems. The student delineates the importance of managing project delays and overrun. Highlighting the competitive construction environment, with one of the prime reasons for delay and overrun, being...
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...QUESTION 3: Discuss on the Effects of Procurement System in the performance of construction projects I. INTRODUCTION Procurement is also called as sourcing, which means gathering services and goods from the preparation and of request through the approval of statement for payment. This involves purchase planning, financing, making the purchase, inventory control and stores, specific development, standard determination, supplier research and selection, supply contract administration, disposal and other related functions, value analysis and price negotiation. Procurement plays major role in work relationship between parties involved in the construction process. Identify the primary and secondary objectives of the projects, Risk innate in the proposal, Environmental determination, which it will be implemented and selecting the appropriate procuring method for the proposed project. Procurement was not about a building, it was about entire project which includes obtaining goods and services, also includes obtaining human recourses like, consultants, contractors, sub-contractors, suppliers and specialists for some purpose. It is the very important step which can show some significant impact on the project success. Procurement is essentially a series of considered risks – each method has individual strengths and weaknesses, which must be carefully calculated by clients and industry alike. There are a number of different types of procurement routes available for clients to select...
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...progress of the design. At the very early stage, the screening estimate or order of magnitude estimate is usually made before the facility is designed, and must therefore rely on the cost data of similar facilities built in the past. A preliminary estimate or conceptual estimate is based on the conceptual design of the facility at the state when the basic technologies for the design are known. The detailed estimate or definitive estimate is made when the scope of work is clearly defined and the detailed design is in progress so that the essential features of the facility are identifiable. Theengineer's estimate is based on the completed plans and specifications when they are ready for the owner to solicit bids from construction contractors. In preparing these estimates, the design professional will include expected amounts for contractors' overhead and profits. The costs associated with a facility may be decomposed into a hierarchy of levels that are appropriate for the purpose of cost estimation. The level of detail in decomposing the facility into tasks depends on the type of cost estimate to be prepared. For conceptual estimates, for example, the level of detail in defining tasks is quite coarse; for detailed estimates, the level of detail can be quite fine. As an example, consider the cost estimates for a proposed bridge across a river. A screening estimate is made for each of the potential alternatives, such as a tied arch bridge or a cantilever truss bridge. As the bridge...
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...EFFECT OF PROCUREMENT SYSTEMS ON THE PERFORMANCE OF CONSTRUCTION PROJECTS Abstract: Project procurement has been described as an organized methods or process and procedure for clients to obtain or acquire construction products. Apart from the traditional approach, there are now other “fast-tracking” or innovative procurement systems used by the construction industry world wide. The different procurement systems differ from each other in term of allocation of responsibilities, activities sequencing, process and procedure and organizational approach in project delivery. These differences have invariably affected the project performance. Project performance has been defined as “the degree of achievement of certain effort or undertaking” which relates to the prescribed goals or objectives that form the project parameters. There are many other elements that determine project success, but the focus of this paper is on the three critical parameters or project performance i.e. time, cost and quality. The aim of this paper is to look into the effect of the different procurement systems on the project performance. Since there are many different project procurement systems, it is appropriate for the purpose of this presentation to limit to the common ones i.e. traditional system, design and build and management contracting. Keyword: Project procurement, performance, time, cost and quality INTRODUCTION The procurement of construction project is vast in scope because it involves the gathering...
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...Project Management ENGG 951 Final Project Project Management ENGG 951 Final Project Commercial Tower Construction By : Amro Hafez 4245209 Ali Akram 4601014 Aouis Alhamed 4446082 Lecturer Name : Prof. Kamal Jafaar Page 1 of 61 Project Management ENGG 951 Final Project Table of Contents 1. Introduction ..................................................................................................................................... 3 2. Initiating Process Group: .................................................................................................................. 4 3. Project Scope Statement .................................................................................................................. 7 4. Project planning & scheduling: ....................................................................................................... 12 5. Quality Management Plan: ............................................................................................................ 18 6. Health, Safety and Environmental Management (HSEM): ............................................................. 32 7. Risk Management .......................................................................................................................... 36 8. Project Cost Management:............................................................................................................. 47 9. Procurement Management .............................................
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... Understanding of scope of work .............................................................................................. 6 2.1 Scope of work ................................................................................................................... 6 3. Technical Approach ................................................................................................................ 7 3.1 Basic Construction part ...................................................................................................... 7 3.2 Basic Construction for fan ................................................................................................. 9 3.3 Fan Installation ................................................................................................................ 10 3.4 Transformer Installation................................................................................................... 11 3.5 Electrical Installation ....................................................................................................... 12 3.6 Central Control Equipment Installation...
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...2011 HANDBOOK For project and construction management – Fundamental concepts “Project coordination” From tender to 5 years inspection - Construction Management - final version Københavns Erhvervsakademi and VIA University College, Horsens August 2010 00. Introduction 00 Introduction This handbook is primarily intended for the use by students in their final semester of the constructing architect education - specializing in construction management. Construction management aims at a future career as a construction or project manager working for a contractor. The handbook will also be useful as a guide for small and medium sized contractors. The handbook is a joint venture between lecturers in construction management at VIA University College in Horsens (Vibeke Kragh, Benny Olsen, and Henrik Kopp) and KEA - Københavns Erhvervsakademi (Eva Weincke, Kaj Torben Hansen, Benny Lennart Bay, Anders Christensen and Lone Lykke Larsen). Consequently, the handbook will contain requirements for documentation and other examples that are not necessarily relevant to contractors, but are deemed relevant for students. The handbook is based on practical examples from a fictive contractor. In this context, relevant aspects from ‘real-life’ contractors will be included. The booklet is based on project coordination showing the progress in the construction process. The sections follow project phases from tender to handing over - in a main contractor contract. As turnkey...
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