Managing Works & Costs

Main topics of study:

Implementing the Programme:

  • Project Authorisation
  • Authorising Work Without a Contract or Order
  • Preliminary Organisation of the Project
  • Correspondence & Other Projects
  • Project Engineering Standards & Procedures
  • Physical Preparation & Organisation
  • Getting Work Started
  • Issuing Detailed Planning & Work Instructions

Managing Progress:

  • Closed Loop Control System
  • Routine Collection of Progress Data
  • Non-Routine Approach to Progressing
  • Managing Subcontractors & Agency Employees
  • Routine Priority Allocation in Manufacturing Projects
  • Bad News
  • Corrective Measures
  • Immediate Action Orders
  • Haste Versus Good Management
  • Construction Site Organisation & Management
  • Progress Meetings
  • Project Reports

Changes & Production Permits:

  • Classification of Changes
  • Authorisation Arrangements
  • General Administration
  • Estimating Design Modification Costs
  • Forms & Procedures
  • Modifying Drawings
  • Emergency Modifications

Cost Management – Principles:

  • Objectives of Project Cost Management
  • Cost Management Factors
  • Total Cost Approach
  • Budgets
  • Cost Collection Methods
  • Audits
  • Comparing Actual & Planned Costs

Cost Management – Evaluation, Prediction & Reporting:

  • Milestone Analysis
  • Earned Value Analysis
  • Earned Value Analysis Prediction Reliability & Implications
  • Evaluating Cost Performance for Materials & Bought Out Equipment
  • Effect of Modifications on Earned Value Analysis
  • Project Ledger Concept
  • Predicting Profitability
  • Post Mortem

Final Project Definition & Closure:

  • Formal Project Closure
  • Final Project Cost Records
  • Disposal of Surplus Material Stocks
  • Final Project Definition
  • As-Built Condition
  • Managing Files & Archives