April 2016
Intermediate to advanced
328 pages
7h 57m
English
Content preview from Practical Project Management for Building and Construction
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196 • Practical Project Management for Building and Construction
7. Estimated reserves for future change orders
8. Cost-at-completion forecast
9. Deviation from budget
10. Budget
11. Invoiced at cost center
Item 11 is included only to ensure that double billing does not occur or
that the costs of other projects are not charged to this project.
e number of cost centers is tailored to the project in order to have
nancial control and get good feedback for future projects. e table may,
if desired, be supplemented with columns for “adjustment of the budget”
and “new budget.”
e PM must work together with the team members and continually
evaluate the development of items 4–7 (production phase). e starting
point for the assessment of items ...
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