11
Project Cost
Control
22
PROGRESS PAYMENTS CHANGE IMPACT CONFORMANCE TO PLAN PROJECT FINAL COST PROJECT DATE OF COMPLETION
Reasons for Project
Cost Control
33
PLANNING PERFORMANCE MEASURING PERFORMANCE COMPARING ACTUAL AND PLANNED PERFORMANCE ADJUSTING PLANS AS REQUIRED
Reasons For Project Cost Control
44
REDUCTION OF COMPLEXITYREDUCTION OF COMPLEXITY SHORT PLANNING INTERVALSSHORT PLANNING INTERVALS COST ESTIMATING SIMPLIFICATIONCOST ESTIMATING SIMPLIFICATION COST COLLECTION SIMPLIFICATIONCOST COLLECTION SIMPLIFICATION COST / SCHEDULINGCOST / SCHEDULING
WORK BREAKDOWN
55
COST: DEVIATION FROM BUDGET.DEVIATION FROM BUDGET. NO CONSIDERATION FORNO CONSIDERATION FOR PLANNED SEQUENCE.PLANNED SEQUENCE.
A COMPARISON BETWEEN PLANNED AN SCHEDULED ACTIVITIES.
SCHEDULE:
VARIANCES
66
TIME PERIOD
100
90
80
70
60
50
40
30
20
10
%COSTREPORT
DATE %COST
BEHINDSCHEDULE
BCWS
ACWP AVACCOUNT.VARIANCE
CVCOSTVARIANCETO DATESV
SCHEDULEVARIANCE
BCWP (EARNED VALUE)
5 1510
BAC
77
Progress by
DISCIPLINE
88
ENGINEERING
99
DRAWING MILESTONES
START DRAFT - 20%
DRAFT COMPLETE - 65%
OFFICE CHECK - 80%
OWNER REVIEW - 85%
FINAL DRAFT - 90%
APPROVAL WITH HOLDS - 95%
FINAL OWNER APPROVAL - 100%
1010
BUDGETEDMANHOURSDISCIPLINE
CIVIL
ARCHITECTURAL
STRUCTURAL
MECHANICAL
PIPING
ELECTRICAL
INSTRUMENTATION
20
35
20
20
50
40
15
200
1250
2500
1250
1500
4000
3000
1500
15000
8.3
16.7
8.3
10.0
26.7
20.0
10.0
100TOTAL ENGINEERING VALUE
DISCIPLINE WGT. VALUE
%ESTIMATEDDRAWINGS
1111
TOTALPIPE
DWGS.
START DRAFT
DRAFT COMPLETE
OFFICE CHECK
OWNER REVIEW
FINAL DRAFT
APPRV. W/ HOLDS
FINAL APPROVED
50
50
50
50
50
50
50
4.0
6.5
8.0
8.5
9.0
9.5
20.0
TOTAL PIPING DISCIPLINE PROGRESS 65.5
MILESTONE DISCIPLINE %COMPLETE
DWGS. INMILESTONE
10
5
5
5
5
5
10
MILESTONEVALUE
%20
65
80
85
90
95
100
1212
PROJECTCONTRIBUTION
WEIGHTEDVALUE
CIVIL
ARCHITECTURAL
STRUCTURAL
MECHANICAL
PIPING
ELECTRICAL
INSTRUMENTATION
8.3
16.7
8.3
10.0
26.7
20.0
10.0
7.5
11.7
6.6
7.5
17.4
12.0
5.0
TOTAL ENGINEERING PROGRESS 67.7%
DISCIPLINE %COMPLETE
90
70
80
75
65.5
60
50
1313
PROCUREMENTMEASUREMENT
1414
MATERIAL TAKE OFFS PURCHASE REQUISITIONS PURCHASE ORDERS
PROCUREMENTMEASUREMENT
1515
FUNCTION% WEIGHTED
VALUEESTIMATEDMANHOURSFUNCTIONS ESTIMATED
QUANTITIES
MATERIAL TAKE-OFF (DWGS)
PURCHASE REQUISITIONS
PURCHASE ORDERS
400
700
400
26.6
46.7
26.7
TOTAL PROCUREMENT VALUE 1500 100
150
200
100
1616
150
75
50%
DRAWINGS REQUIRING TO'S
DRAWING WITH TO'S COMPLETE
PHYSICAL PROGRESS
TAKE OFFS
1717
PURCHASEREQUISITIONS
200
50
25%
ESTIMATED PR's
PR's APPROVED FOR PURCHASE
PHYSICAL PROGRESS
1818
PURCHASEORDERS
28 PO's OUT OF 100 = 14%
1 MILLION DOLLARS EXPLANTEDOUT OF 50 MILLI0NS = 1%
PHYSICAL PROGRESS = 14 + 1 = 15%
QUANTITY PLACED = 50%DOLLAR VALUE SHIPPED = 50%
1919
FUNCTIONS %COMPLETEWEIGHTED
VALUEPROCUREMENTCONTRIBUTION
MATERIAL TAKE-OFFS
PURCHASE REQUISITIONS
PURCHASE ORDERS
TOTAL PROCUREMENT PROGRESS 29.0
50
25
15
26.6
46.7
26.7
13.3
11.7
4.0
2020
MOBILIZATION & GRADE
FOUNDATION COMPLETE
STRUCTURAL COMPLETE
EQUIPMENT ERECTION COMPLETE
PIPING COMPLETE
ELECTRICAL COMPLETE
MECHANICAL COMPLETION
COMMISSIONING
5
12
9
14
25
17
13
5
TOTAL PROJECT VALUE 40000 100
WEIGHTEDPERCENTAGE
2000
4800
3600
5600
1000
6800
5200
2000
ESTIMATEDMANHOURSMILESTONE
2121
WEIGHTED%
MOBILIZATION& GRADING
FOUNDATION
STRUCTURAL STEEL
EQUIPMENT ERECTION
5
12
9
14
5
9.6
2.7
1.4
TOTAL PHYSICAL PROGRESS 18.7
PROJECTCONTRIBUTION
100
80
30
10
%COMPLETEMILESTONE
2222
TOTALENGINEERING
PROGRESS
2323
TOTAL CONTRACT
DESIGN/ENGINEERINGOVERALL COMPLETE
WEIGHTEDVALUE%
ENGINEERING
PROCUREMENT
90.9
9.1
60.6
2.6
PROGRESS 16500 100 63.2
PROJECTCONTRIBU-
TION
BUDGETEDMANHOURS
15000
1500
67.7
29.0
%COMPLETE
2424
PRODUCTIVITYPRODUCTIVITY
PROFILESPROFILES
2525
FACTORS AFFECTINGPRODUCTIVITY PROFILES
PROJECT LOCATION JOB COMPLEXITY WORKING HOURS LABOR DENSITY SUPERVISION QUALITY WEATHER MIXTURE OF NATIONALITIES DISCIPLINE
2626
THEORETICAL% BUDGET MANHOURS UTILIZED
10 20 30 40 50 60 70 80 90 100
1.2
1.1
1.O
0.9
0.8
0.7
0.6
0.5
12 23 33 42 50 57 63 76 87 100
**
**
**
** *
*
PRODUCTIVITY
PHYSICAL COMPLETION%
2727
CREDITBY EARNEDMANHOURS
2000 MHRS
1000 MHRS
1000 MHRS
ORIGINAL ESTIMATE
ESTIMATE REMAINING
EARNED