PowerPoint Presentation

[Audio] Construction Management Techniques include two basic parts : designing and scheduling. Planning / Designing, processs of choosing a piece approach and order, Scheduling , process of deciding the time relation of associated timings of operations Prof. Liaqat Ali Qureshi.

[Audio] onstruction Management Functions include the three basis components, Project Cost Management, Project Time Management and Project Scope Management. This is also known as ' The Scope Triangle' 1- Project Cost Management: Includes the procedures necessary to guarantee that the project is finished within the permitted spending limit..

[Audio] Project cost management processes involved are: a- Resource Planning b- Cost Estimating 2- Project Time Management: Includes the start and end dates for the deadlines that must be adhered to in order for the project to be completed on time. 3- Project Scope Management: Include the procedures necessary to guarantee that the project has all of the work required and nothing else to finish it successfully..

[Audio] Project Cost Management Processes involved are: 1- Planning of the Resources 2- Estimation of the project cost 3- Budget of the project 4- Cutting or Controlling the cost ⚫ The cost of the resources required to perform project operations is the main concern. ⚫ Additionally, the cost of consuming the project product is taken into account, while making project selections..

[Audio] In many application domains, it is done outside of the project to forecast and analyses the potential financial performance of the project product. ⚫ It also involves similar task in several other projects (like capital facilities projects). ⚫ It will also involve the additional steps and a wide range of general management approaches, including return on investment, discounted cash flow, payback analysis, and others, when such predictions and analyses are taken into account.

[Audio] Resource planning, cost estimates, and cost budgeting are sometimes considered as a unified process on certain projects, especially smaller ones (e.g., that can be executed by a single firm over a reasonably shorter time span, the example are residential constructions). ⚫ Due to the differences in the tools and methods used for each, they are given here as separate processes..

[Audio] Resource Planning Involves choosing which physical resources, people, tools, materials, etc. that should be deployed for specific project tasks, as well as quantum of each required for performing the tasks. PROJECT COST MANAGEMENT (Cont…).

[Audio] Inputs to Resource Planning 1- Work Breakdown Structure ⚫ A collection of project components focused on delivering results that organizes and establishes the overall project scope. ⚫ Moreover, it also assists as the key role for resource planning because it defines the project components that will require resources.

[Audio] Inputs to Resource Planning 2. Historical Information If available, it uses historical data to determine the types of resources required for similar works/ tasks for starting/executing the projects. 3. Scope Statement It contains both the project's goals and the aims and objectives for successful completion of the project. PROJECT COST MANAGEMENT (Cont…).

[Audio] Inputs to Resource Planning 4. Resource Pool Description It contains knowledge and information of the resources that might be used during the execution of the project. 5. Organizational Policies The performing organization's rules for hiring personnel and deciding whether to rent or buy supplies and equipment.

[Audio] Inputs to Cost Budgeting 1- Cost Estimates The calculation of the cost for each and every activity of the project. 2- Work Breakdown Structure The project elements that will get cost allocation are identified by the work breakdown structure. 3- Project Schedule The project schedule details the scheduled start and anticipated completion dates for each project component. PROJECT COST MANAGEMENT (Cont…).

[Audio] PROJECT COST MANAGEMENT (Cont…) Inputs to Cost Budgeting 3- Project Schedule This information is required to allocate costs to the timeframe during which they will be incurred. Project development tools and methods. Tools and Techniques for developing project Cost Estimates are also used to develop budgets for work items as well..

[Audio] Outputs from Cost Budgeting Cost Baseline ⚫ A collection of project components focused on delivering results that organizes and establishes the overall project scope. ⚫ The work or task breakdown structure serves as the main input for resource planning because it defines the project components that will require resources. PROJECT COST MANAGEMENT (Cont…).

[Audio] Project Scope Management ⚫ Contains both the project's goals and the reasons for choosing them. ⚫ It is primarily concerned with defining and monitoring which is, and which is not incorporated in the project. ⚫ Following is an overview of the major project scope management processes: 1. Initiation: Committing the organization to begin the next phase of the project. PROJECT SCOPE MANAGEMENT.

[Audio] Scope Planning: Developing a written scope statement as a brief for making decisions of the future projects 3. Scope Definition: Subdividing the major project deliverables into smaller, more manageable components. 4. Scope Verification: Formalizing acceptance of the project scope. 5. Scope Change Control: Controlling changes to project scope. PROJECT SCOPE MANAGEMENT (Cont…).

[Audio] hen referring to a project, the phrase " scope" might mean: ⚫ Product scope: Product scope refers to the features and capabilities that must be present in a good or service. ⚫ Project scope: The effort required to deliver a product with the requested features and functions is known as the project scope. ⚫ While the project scope is measured against the plan, the product scope is measured against the requirements..

[Audio] Initiation ⚫ Initiation is the process of formally recognizing the start of a new project or the continuation of an existing project. ⚫ The initiative is connected to the ongoing work of the performing group by this formal initiation. ⚫ In some organizations, a project is not officially launched until a feasibility study, an initial plan, or another type of analysis has been completed.

[Audio] Inputs to Initiation 1. Product description. ⚫ The features of the products or services that the project was designed to produce are listed in the product details. ⚫ In general, the product description will be more detailed in later phases and less detailed in earlier ones. ⚫ Along with identifying the product or service, the description should explain how it relates to the business requirement or other driving force behind the project..

PROJECT SCOPE MANAGEMENT ( Cont …). Inputs to Initiation 2. Strategic plan. ⚫ The strategic objectives of the performing organization should be supported by all projects. ⚫ The performing organization's strategic plan must be taken into the account when choosing projects. 3. Project selection criteria. ⚫ The project's product is generally used to design the selection criteria, which can address all potential management issues..

PROJECT SCOPE MANAGEMENT ( Cont …). Scope planning ⚫ The process of creating a written scope statement that will also work as a pillar for future project decisions, including the standards used to assess whether a project or phase has been successfully completed, is known as scope planning. ⚫ Projects and subprojects both require formal scope planning..

[Audio] Scope planning ⚫ The process of creating a written scope statement that will also work as a pillar for future project decisions, including the standards used to assess whether a project or phase has been successfully completed, is known as scope planning. ⚫ Projects and subprojects both require formal scope planning..