January 2011
Beginner
692 pages
23h 13m
English
Content preview from Construction Project Management: Theory and Practice
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12
Project Cost and Value Management
Project cost management, collection of cost-related information, cost codes, cost statement, value management in construction, steps in the application of value engineering, description of the case, value-engineering application in the case project
12.1 PROJECT COST MANAGEMENT
A project consists of a number of activities. Each of these activities consumes resources. Resources cost money. We can take certain steps through which we can control the costs of these activities. Project cost management is all about controlling cost of the resources needed to complete project activities. Apart from these controllable costs, there are certain aspects over which we do not have any control. These are called uncontrollable ...
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