project cost control
DESCRIPTION
Project Cost Control. Reasons for Project Cost Control. PROGRESS PAYMENTS CHANGE IMPACT CONFORMANCE TO PLAN PROJECT FINAL COST PROJECT DATE OF COMPLETION. Reasons For Project Cost Control. PLANNING PERFORMANCE MEASURING PERFORMANCE COMPARING ACTUAL AND - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/1.jpg)
11
Project Cost
Control
![Page 2: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/2.jpg)
22
PROGRESS PAYMENTS CHANGE IMPACT CONFORMANCE TO PLAN PROJECT FINAL COST PROJECT DATE OF COMPLETION
Reasons for Project
Cost Control
![Page 3: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/3.jpg)
33
PLANNING PERFORMANCE MEASURING PERFORMANCE COMPARING ACTUAL AND PLANNED PERFORMANCE ADJUSTING PLANS AS REQUIRED
Reasons For Project Cost Control
![Page 4: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/4.jpg)
44
REDUCTION OF COMPLEXITYREDUCTION OF COMPLEXITY SHORT PLANNING INTERVALSSHORT PLANNING INTERVALS COST ESTIMATING SIMPLIFICATIONCOST ESTIMATING SIMPLIFICATION COST COLLECTION SIMPLIFICATIONCOST COLLECTION SIMPLIFICATION COST / SCHEDULINGCOST / SCHEDULING
WORK BREAKDOWN
![Page 5: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/5.jpg)
55
COST: DEVIATION FROM BUDGET.DEVIATION FROM BUDGET. NO CONSIDERATION FORNO CONSIDERATION FOR PLANNED SEQUENCE.PLANNED SEQUENCE.
A COMPARISON BETWEEN PLANNED AN SCHEDULED ACTIVITIES.
SCHEDULE:
VARIANCES
![Page 6: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/6.jpg)
66
TIME PERIOD
100
90
80
70
60
50
40
30
20
10
%COSTREPORT
DATE %COST
BEHINDSCHEDULE
BCWS
ACWP AVACCOUNT.VARIANCE
CVCOSTVARIANCETO DATESV
SCHEDULEVARIANCE
BCWP (EARNED VALUE)
5 1510
BAC
![Page 7: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/7.jpg)
77
Progress by
DISCIPLINE
![Page 8: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/8.jpg)
88
ENGINEERING
![Page 9: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/9.jpg)
99
DRAWING MILESTONES
START DRAFT - 20%
DRAFT COMPLETE - 65%
OFFICE CHECK - 80%
OWNER REVIEW - 85%
FINAL DRAFT - 90%
APPROVAL WITH HOLDS - 95%
FINAL OWNER APPROVAL - 100%
![Page 10: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/10.jpg)
1010
BUDGETEDMANHOURSDISCIPLINE
CIVIL
ARCHITECTURAL
STRUCTURAL
MECHANICAL
PIPING
ELECTRICAL
INSTRUMENTATION
20
35
20
20
50
40
15
200
1250
2500
1250
1500
4000
3000
1500
15000
8.3
16.7
8.3
10.0
26.7
20.0
10.0
100TOTAL ENGINEERING VALUE
DISCIPLINE WGT. VALUE
%ESTIMATEDDRAWINGS
![Page 11: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/11.jpg)
1111
TOTALPIPE
DWGS.
START DRAFT
DRAFT COMPLETE
OFFICE CHECK
OWNER REVIEW
FINAL DRAFT
APPRV. W/ HOLDS
FINAL APPROVED
50
50
50
50
50
50
50
4.0
6.5
8.0
8.5
9.0
9.5
20.0
TOTAL PIPING DISCIPLINE PROGRESS 65.5
MILESTONE DISCIPLINE %COMPLETE
DWGS. INMILESTONE
10
5
5
5
5
5
10
MILESTONEVALUE
%20
65
80
85
90
95
100
![Page 12: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/12.jpg)
1212
PROJECTCONTRIBUTION
WEIGHTEDVALUE
CIVIL
ARCHITECTURAL
STRUCTURAL
MECHANICAL
PIPING
ELECTRICAL
INSTRUMENTATION
8.3
16.7
8.3
10.0
26.7
20.0
10.0
7.5
11.7
6.6
7.5
17.4
12.0
5.0
TOTAL ENGINEERING PROGRESS 67.7%
DISCIPLINE %COMPLETE
90
70
80
75
65.5
60
50
![Page 13: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/13.jpg)
1313
PROCUREMENTMEASUREMENT
![Page 14: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/14.jpg)
1414
MATERIAL TAKE OFFS PURCHASE REQUISITIONS PURCHASE ORDERS
PROCUREMENTMEASUREMENT
![Page 15: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/15.jpg)
1515
FUNCTION% WEIGHTED
VALUEESTIMATEDMANHOURSFUNCTIONS ESTIMATED
QUANTITIES
MATERIAL TAKE-OFF (DWGS)
PURCHASE REQUISITIONS
PURCHASE ORDERS
400
700
400
26.6
46.7
26.7
TOTAL PROCUREMENT VALUE 1500 100
150
200
100
![Page 16: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/16.jpg)
1616
150
75
50%
DRAWINGS REQUIRING TO'S
DRAWING WITH TO'S COMPLETE
PHYSICAL PROGRESS
TAKE OFFS
![Page 17: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/17.jpg)
1717
PURCHASEREQUISITIONS
200
50
25%
ESTIMATED PR's
PR's APPROVED FOR PURCHASE
PHYSICAL PROGRESS
![Page 18: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/18.jpg)
1818
PURCHASEORDERS
28 PO's OUT OF 100 = 14%
1 MILLION DOLLARS EXPLANTEDOUT OF 50 MILLI0NS = 1%
PHYSICAL PROGRESS = 14 + 1 = 15%
QUANTITY PLACED = 50%DOLLAR VALUE SHIPPED = 50%
![Page 19: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/19.jpg)
1919
FUNCTIONS %COMPLETEWEIGHTED
VALUEPROCUREMENTCONTRIBUTION
MATERIAL TAKE-OFFS
PURCHASE REQUISITIONS
PURCHASE ORDERS
TOTAL PROCUREMENT PROGRESS 29.0
50
25
15
26.6
46.7
26.7
13.3
11.7
4.0
![Page 20: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/20.jpg)
2020
MOBILIZATION & GRADE
FOUNDATION COMPLETE
STRUCTURAL COMPLETE
EQUIPMENT ERECTION COMPLETE
PIPING COMPLETE
ELECTRICAL COMPLETE
MECHANICAL COMPLETION
COMMISSIONING
5
12
9
14
25
17
13
5
TOTAL PROJECT VALUE 40000 100
WEIGHTEDPERCENTAGE
2000
4800
3600
5600
1000
6800
5200
2000
ESTIMATEDMANHOURSMILESTONE
![Page 21: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/21.jpg)
2121
WEIGHTED%
MOBILIZATION& GRADING
FOUNDATION
STRUCTURAL STEEL
EQUIPMENT ERECTION
5
12
9
14
5
9.6
2.7
1.4
TOTAL PHYSICAL PROGRESS 18.7
PROJECTCONTRIBUTION
100
80
30
10
%COMPLETEMILESTONE
![Page 22: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/22.jpg)
2222
TOTALENGINEERING
PROGRESS
![Page 23: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/23.jpg)
2323
TOTAL CONTRACT
DESIGN/ENGINEERINGOVERALL COMPLETE
WEIGHTEDVALUE%
ENGINEERING
PROCUREMENT
90.9
9.1
60.6
2.6
PROGRESS 16500 100 63.2
PROJECTCONTRIBU-
TION
BUDGETEDMANHOURS
15000
1500
67.7
29.0
%COMPLETE
![Page 24: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/24.jpg)
2424
PRODUCTIVITYPRODUCTIVITY
PROFILESPROFILES
![Page 25: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/25.jpg)
2525
FACTORS AFFECTINGPRODUCTIVITY PROFILES
PROJECT LOCATION JOB COMPLEXITY WORKING HOURS LABOR DENSITY SUPERVISION QUALITY WEATHER MIXTURE OF NATIONALITIES DISCIPLINE
![Page 26: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/26.jpg)
2626
THEORETICAL% BUDGET MANHOURS UTILIZED
10 20 30 40 50 60 70 80 90 100
1.2
1.1
1.O
0.9
0.8
0.7
0.6
0.5
12 23 33 42 50 57 63 76 87 100
**
**
**
** *
*
PRODUCTIVITY
PHYSICAL COMPLETION%
![Page 27: Project Cost Control](https://reader035.vdocument.in/reader035/viewer/2022062521/56814b6c550346895db85a39/html5/thumbnails/27.jpg)
2727
CREDITBY EARNEDMANHOURS
2000 MHRS
1000 MHRS
1000 MHRS
ORIGINAL ESTIMATE
ESTIMATE REMAINING
EARNED