Exploring the integrated cost control models used in the construction industry
- Adjei, K.O., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Authors: Adjei, K.O. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2016
- Subjects: Cost control , Model , Construction industry
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/217000 , uj:21584 , Citation: Adjei, K.O., Aigbavboa, C.O. & Thwala, W.D. 2016. Exploring the integrated cost control models used in the construction industry.
- Description: Abstract: Project cost control models bring about all the techniques used in developing construction cost, cash flow forecasting and cost control. The construction industry has been unfamiliar with its characteristics and properties.This study therefore exploresthe existing integrated cost control models used in the construction industry.The study was conducted through a literatureresearch. Three different integrated cost control models used for the construction industry were selected between the years 2001 and 2013. The data used in the report is mainly qualitative and it was based on content analysis.The findings show that all the models had cost control systems. The inputs of the models were bills of quantities, resources list, activities programme, work breakdown structure and estimates. The processes of the models were managing all the resources; materials, labour, equipment and overhead costs, monitoring, controlling, reporting, decision making, corrective actions, forecasting and deadlines. Lastly the outputs of the models were project loss or profit, post evaluation and historical data kept for future use.
- Full Text:
- Authors: Adjei, K.O. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2016
- Subjects: Cost control , Model , Construction industry
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/217000 , uj:21584 , Citation: Adjei, K.O., Aigbavboa, C.O. & Thwala, W.D. 2016. Exploring the integrated cost control models used in the construction industry.
- Description: Abstract: Project cost control models bring about all the techniques used in developing construction cost, cash flow forecasting and cost control. The construction industry has been unfamiliar with its characteristics and properties.This study therefore exploresthe existing integrated cost control models used in the construction industry.The study was conducted through a literatureresearch. Three different integrated cost control models used for the construction industry were selected between the years 2001 and 2013. The data used in the report is mainly qualitative and it was based on content analysis.The findings show that all the models had cost control systems. The inputs of the models were bills of quantities, resources list, activities programme, work breakdown structure and estimates. The processes of the models were managing all the resources; materials, labour, equipment and overhead costs, monitoring, controlling, reporting, decision making, corrective actions, forecasting and deadlines. Lastly the outputs of the models were project loss or profit, post evaluation and historical data kept for future use.
- Full Text:
Cost variance analysis of similar scope projects in an energy utility
- Ratsiku, Lufuno, Musonda, Innocent
- Authors: Ratsiku, Lufuno , Musonda, Innocent
- Date: 2015
- Subjects: Cost management , Cost control , Feeder bays
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/87734 , uj:19616 , Citation: Ratsiku, L. & Musonda, I. 2015. Cost variance analysis of similar scope projects in an energy utility.
- Description: Abstract: Please refer to full text to view abstract
- Full Text:
- Authors: Ratsiku, Lufuno , Musonda, Innocent
- Date: 2015
- Subjects: Cost management , Cost control , Feeder bays
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/87734 , uj:19616 , Citation: Ratsiku, L. & Musonda, I. 2015. Cost variance analysis of similar scope projects in an energy utility.
- Description: Abstract: Please refer to full text to view abstract
- Full Text:
Cost control for increased productivity in an engineering project environment
- Authors: Dirker, H.G.
- Date: 2012-08-17
- Subjects: Project management , Engineering -- Management -- Case studies , Cost control , Information storage and retrieval systems
- Type: Thesis
- Identifier: uj:2647 , http://hdl.handle.net/10210/6092
- Description: M.Ing. , Project cost control constitutes one of the three most important aspects in managing a project effectively. The other two items are time and quality. In order to control the cost aspect of a project as effectively as possible, up-to-date information is needed. This points to a properly integrated cost control system that simultaneously supports all the needs of project management. Fortunately in todays engineering environment, information systems have evolved to such a level that simultaneous support to all aspects of project management is achievable. It is the goal of this thesis to investigate how to do proper cost control and status reporting in the correct manner and as effectively as possible by making use of modern information systems in order to increase to productivity levels of organisations. Ways in which the cost controlling process can be integrated with the status reporting process will be investigated. A case study will be done in the author's own project engineering environment and improvements to the process will be made in order to increase productivity levels in the author's working environment.
- Full Text:
- Authors: Dirker, H.G.
- Date: 2012-08-17
- Subjects: Project management , Engineering -- Management -- Case studies , Cost control , Information storage and retrieval systems
- Type: Thesis
- Identifier: uj:2647 , http://hdl.handle.net/10210/6092
- Description: M.Ing. , Project cost control constitutes one of the three most important aspects in managing a project effectively. The other two items are time and quality. In order to control the cost aspect of a project as effectively as possible, up-to-date information is needed. This points to a properly integrated cost control system that simultaneously supports all the needs of project management. Fortunately in todays engineering environment, information systems have evolved to such a level that simultaneous support to all aspects of project management is achievable. It is the goal of this thesis to investigate how to do proper cost control and status reporting in the correct manner and as effectively as possible by making use of modern information systems in order to increase to productivity levels of organisations. Ways in which the cost controlling process can be integrated with the status reporting process will be investigated. A case study will be done in the author's own project engineering environment and improvements to the process will be made in order to increase productivity levels in the author's working environment.
- Full Text:
- «
- ‹
- 1
- ›
- »