During the execution of a project, project control and documentation becomes an essential tool to managers and other participants who are in the construction process. The aim of the cost control is to monitor actual cost performance and identify improvement opportunities. Almost all the projects are in need to be guided throughout, in order to receive the expected and required output at the end of the project.. It is important to note that efficient cost control is not limited to the planning stages; we must maintain it throughout the life of the project or business. Cost-control procedures are used to create cost-efficient projects.
In construction project , material used expenses and other cost directly determines the final income from this project. During the planning period management can adjust cost by appropriated choosing supply. Also reasonable to reduce cost will determines the success of the project. also increase interests of the customer. 2.
With their advice the client will then start the procurement process by devising a plan or strategy. The strategy will consider the benefits and risks, the main function or purpose of the building and what budget the client has allocated for the project. This will help to decide what procurement path is best suited, and what contractual arrangements will be required, which cover how the client will pay the building contractor and other conditions embodied in the contract such as Bill of Quantities or Prime Cost sums. The chosen path by the client will effect the amount of which the project will cost, the amount of time that each construction stage will take, and the quality or performance of the building on completion of the construction work. Methods or Paths of Procurement: There are four different Procurement methods or paths that exist in the construction industry to choose from.
QMS have many applications in the construction industry and implemented either at the company level or at the project level. The quality in the construction industry is linked with client’s satisfaction and the implementation of a quality management system is a key tool in consistently and reliably managing the goal of client satisfaction. Quality management system (QMS) could be implemented either at the organization level or at the project level itself. For the implementation of quality management in construction projects, the concepts of quality planning (identification of quality standards), quality assurance (evaluation of overall project performance) and quality control (monitoring of specific project results) in the quality management processes were defined by Project Management Institute (2000). Several tools and techniques were identified as part of the implementation process, like benefit-cost analysis, benchmarking, flow-charting, design of experiments, cost of quality, quality audits, inspection, control charts, pareto diagrams, statistical sampling, flow-charting and trend
The method is been specified by the contractor as there are many methods and application in Value management and Engineering. Quantitative method According to Saunders (2003), research strategy is a general plan that assists the researcher in order for them to answer research question systematically. Therefore, another method that we use is the Quantitative Method. Quantitative method gives us another option to get finding with another perspective. By using Quantitative Method, we can get the major opinion from people in Public Sector Construction Industry.
Parties must be able to assess, control, and bear the cost of. For example, the risk of labor shortages, damage to the machine, or specific construction techniques, the most suitable given to the contractor to bear the risk. While the risk fund projects or project site most suitable borne by the owner. After the risk assessment process is discussed, we find that the allocation of risk should be allocated to the most appropriate specific risk is to minimize the risk identified where several distribution proposals will be discussed in this topic. For design, the proposed parties to bear risk is professional design that is architects and engineers.
Model Base Management System: This system is divided into two major parts: Pre written Computer Program: It may include mathematical and standard models as well as special program developed for an individual manager and organisation or an industry. In addition the model base includes the simulation program and sensitivity analysis routine. Model building blocks: Some of pre written programs and sub routines can be used to construct an application. The model base management system is a software system that records updates and changes the data manipulation. It is capable of creating relations between the updates and the database.
Plans and programs for building data processing center. System Analysis It means information system study of the needs of users of information analysis stage in order to develop specifications for the system so that meets these needs. They should be doing the analysis, a seasoned expert in this process is the "System Analyst". And it takes place during this stage the work of numerous interviews with users in order to determine their needs. The system analyst as well as studying the volume of information handled by employees, and the nature of the reports they need in their
2.1 Introduction of Contractor Selection The contractor selection is the most of challenging decision-making stages by the client to a construction project (Faikcan Kog and Hakan Yaman,2014). The decision of the client is one of the most important factors that can affect the success of a construction project. The decision of the client is achieved based on the optimum result in cost, quality and time triangle for the construction management. These three criteria in triangle do not work in a unique direction and make the selection decision is difficult. A contractor who performs the project on lower cost may have lower quality and time overrun.
They would need to have a good understanding of database theory and design. It is important that they should have the skills and knowledge to write queries using Structured Query Languages. They would need to have a general understanding of basic computer architecture and operating systems as far as it would form the bases on which their databases would operate. The Project Manager will be responsible for planning, executing and closing the projects. The Project Manager will typically be in charge of ensuring that the project accomplishes its stated objectives and that it will do so on time and within budget.