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S. Jannet Lydia P. Thanga Varshini

This document discusses cost and schedule control in construction projects. It provides an overview of cost and schedule control functions and models that have been proposed to better integrate these functions. The work-packaging model is described as having the potential to best achieve integration of cost and schedule control. The document also discusses research methods for cost control, including pre-control, process control, after control, and a cost control flow chart. It outlines different budget-estimating techniques used during the design stage like functional, size-related, elemental cost analysis, and unit rates approaches. The aim is to study cost control techniques used by contractors and identify measures to help complete projects within budget.

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Thanga Varshini
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154 views10 pages

S. Jannet Lydia P. Thanga Varshini

This document discusses cost and schedule control in construction projects. It provides an overview of cost and schedule control functions and models that have been proposed to better integrate these functions. The work-packaging model is described as having the potential to best achieve integration of cost and schedule control. The document also discusses research methods for cost control, including pre-control, process control, after control, and a cost control flow chart. It outlines different budget-estimating techniques used during the design stage like functional, size-related, elemental cost analysis, and unit rates approaches. The aim is to study cost control techniques used by contractors and identify measures to help complete projects within budget.

Uploaded by

Thanga Varshini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 10

S.

JANNET LYDIA
P. THANGA VARSHINI
Abstract
Cost control and schedule control are two of the most important
management functions in the construction industry. Major research efforts
are focused on developing procedures for improving the effectiveness of
cost and schedule control. As a result, researchers are concerned with the
quality, integrity, and timeliness of data that flow through such control
systems. A number of data models have been proposed to integrate cost- and
schedule-control functions, because such integration is viewed as the,
solution to the many problems facing construction projects today. This
paper provides an overview of cost- and schedule-control functions, defines
the desired control cycle, and discusses the problems and needs of cost- and
schedule-control functions. A number of integrated cost- and schedule-
control data models, which represent the state of construction research in
this area, are discussed. The work-packaging model is briefly described and
is suggested as the most likely existing model to achieve the desired cost
and schedule integration. Finally, the conceptual design of a foundational
data model for control, based on relational concepts, is provided. The
recommended design adopts the conceptual structures of the work-
packaging model.
Despite the availability of various control techniques and project
control software many construction projects still do not achieve their cost
and time objectives. Research in this area so far has mainly been devoted to
identifying causes of cost and time overruns. There is limited research
geared at studying factors inhibiting the ability of practitioners to effectively
control their projects. To fill this gap, a survey was conducted on 250
construction project organizations in the UK, which was followed by face-
to-face interviews with experienced practitioners from 15 of these
organizations.
The common factors that inhibit both time and cost control during
construction projects were firstly identified. Subsequently 90 mitigating
measures have been developed for the top five leading inhibiting factors -
design changes, risks/uncertainties, inaccurate evaluation of project
time/duration, complexities and non-performance of subcontractors were
recommended. These mitigating measures were classified as: preventive,
predictive, corrective and organizational measures. They can be used as a
checklist of good practice and help project managers to improve the
effectiveness of control of their projects.
Introduction
The Construction Management staff keeps up solid binds to industry
and to Illinois graduated class chipping away at prominent undertakings
around the globe. 1 Understudies advantage from this certifiable point of
view through open doors for development site visits, entry level positions
and investment in exploration with prompt application. It is a huge subject
for the broad designing supervisors to have compelling building expense
administration in development venture administration and to sensibly focus
and control development cost on the state of guaranteeing development
quality and time limit.

Cost control is a process where the construction cost of the project is


managed through the best methods and techniques so that the contractor
does not suffer losses when carrying out the activities of the project. One of
the aims of cost control is to construct at the cheapest possible costs
consistent with the project objectives.
Research Method
A building component is characterized as a feature of a building
performing a capacity paying little heed to its particular. Essential examination
permits the correlation of the expenses of the same component to be thought
about between two or more structures. As the expense component under
thought is performing the same capacity, a target appraisal can be made in
respect to why there may be contrasts in expenses between the same
components in distinctive structures.
There are four principle reasons why contrasts in expenses happen:
1. Differences in time (inflation)
2. Quantitative differences
3. Qualitative differences
4. Differences in location.

Pre-control
That is, remembering the final objective to perform cost control, pre-control
game plan is the first step, which is considering the quick and dirty
improvement drawing. Pre-control estimation cost of sensitive
Process Control
Procedure control is portrayed that the task of benefits, materials and work
livelihood organization are in light of the course of action expense target
and distinctive cost which are happening or will happen should be under the
control. Control work cost. The control of work cost and material cost are
according to the same tenets that are the "segment of volume and expense".

After Control
That is, the cost control of the advancement endeavor is a system for cost
operational control, and the goal is to find the slant through the certifiable
cost and organized cost. Regularly the individual works is gone about as
evaluation objectives, especially including the prompt and underhanded
cost. The crucial work of advancement undertaking cost accounting.
Cost Control Flow Chart
What will be the premise received for creating evaluated undertaking
consumptions, and in what capacity will this premise be identified with the
company's general records and bookkeeping capacities? What will be the
level of subtle element embraced in characterizing the undertaking expense
records, and in what manner will they interface with other budgetary
records?

Budget-estimating techniques
On projects where non-traditional procurement routes are used, the
responsibility for developing the cost plan may change but the stages
suggested here remain appropriate. There are four main ways to estimate the
cost of a building during the design stage, which are dependent on the
quantity and quality of the information available at the time the estimate is
required:
1. Function or performance related
2. Size related
3. Elemental cost analyses
4. Unit rates.

1. Functional or performance-related estimating


A capacity or execution related gauge regularly obliges one amount and one
rate and is identified with the customer's fundamental necessity. An
assessment in view of this procedure is extremely short sighted, rough
obviously speedy.
2. Size-related estimating
These strategies are perpetually in view of gross floor range (GFA)
approaches when the aggregate floor zone of the obliged building is
ascertained and after that reproduced by a proper unit rate for every square
meter of floor.
3. Elemental cost-analysis estimating
This method depends on the determination of one or more suitable expense
examinations and altering them in time, amount, quality and area with a
specific end goal to give an evaluation of the building.
4. Cost checking
Keeping in mind the end goal to affirm the exactness of the expense
arrangement, which in itself will have affirmed the financial backing set at
the possibility stage, expense checking is sent. Expense checking is the
execution of the expense control segment in the configuration process.
Conclusion & Result
The aim of this study was to study the cost control techniques used by
contractors on on-going projects and propose measures that will enable
projects to be completed as budgeted. The seven cost control
techniques used by contractors on their sites in Uganda.

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