Cost Management Processes
Resources Planning
Cost Estimation
Cost Budgeting
Cost Control
Construction Cost Management and Steps Involved in it
A primary goal of all projects is to complete the project on schedule and within budget.
Construction The tasks involved in planning and controlling a project’s budget are referred to as cost management.
Effective project cost management ensures that a project is finished on schedule and within budget. The success of a project is measured in part by its cost performance, cost management is a critical factor in determining the project’s success.
Cost management activities are conducted throughout the project life cycle, from planning and budget allocation to controlling costs during project execution and assessing a project’s cost performance upon completion.
The cost performance index is used to measure expenses and achieved benefits over a single project cycle or multiple project cycles.
Reference อ้างอิงเอกสารประกอบการบรรยาย Cost Management for Real Estate Development Project/ Asst. Prof. Nattasit Chaisaard, Ph.D. (Construction Engineering and Management) SFHEA