Construction Cost Control

Basic Course
Lesson : 1.2
This Course Sponsored by : PlanningEngineer Est.
www.planningEngineer.net

Presented by : Hany Ismael MSC,PMP

 Construction Cost Control Basic Course

Section (1) : Cost Control General View and Definitions

• What is Cost Control In Construction Projects?

• Why We Need Cost Control in Construction Projects ?

• How to Perform Cost Control ?

• What we will and What we will Not Study During this Course ?

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

The Simple Answer to this Question is We need the Cost Control to

Forecast the Project Profit before it is Completed.

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

The Financial Department Can Give Accurate Information About the

Project Profit After the Project Completion , But Cost Control Can
Give your Early Interesting Information in Very Early Stages during
the Execution.

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Prevent : Project to Exceed the Budget Planned Cost.

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Cost Control Can Tell the Project Cash Out Errors and Where to
Find Them.

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Performing Cost Control Process and Practices Can Save

Any Additional Costs Caused by ( Above Wastages Limits ,
Unproductive Resources ,

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

* Cost Control Process and Practices Can Give Real Insights and
Feedback about Pricing For Each Item/Activity in The Project ,
Giving Feedback to the Tender Team.

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Correct : Although , the Main Target of the Cost Control is to

Prevent Cost Creep or any Actions that Result Additional/Unwanted
Costs to the Project , But it Can Also Find/Correct the Wrong
Actions by Micro Scoping Monitoring.

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

When the Cost Control Plan is Developed Professionally ,it Can

Give Accurate Estimates about the Required Money Needed to
Fund the Project and Calculate

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 Construction Cost Control Basic Course

Money Needed to Fund the Project?

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Cost Control Can Limit the Use of Materials to the Actual Limits and
Fully Control the Stores

Site Engineer Stores Give Only

Request 500 M2 450 M2 As Per
of Tiles for GF Actual Quantity

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Cost Control Can Tell You Where is the Problem ?

Group
S.N Group Name Status
Productivity

1 Tiles Installation – Group 1 5HR/M2 Within Budget

2 Tiles Installation – Group 2 5.2 HR/M2 Above Budget

3 Tiles Installation – Group 3 4.8 HR/M2 Within Budget

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 Construction Cost Control Basic Course

Why We Need Cost Control in Construction Projects ?

Cost Control Can Forecast the At Completion Actual Cost

At Completion
Actual Cost As Per
S.N Activity Name %Complete Forecast
% Complete
Cost

1 Flooring Tiles – Zone A 25% 4,321,210 17,284,840

2 Flooring Tiles – Zone B

3 Flooring Tiles – Zone C

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 Construction Cost Control Basic Course

Thanks!
Hope to receive your
feedback, recommendations , questions?
This Course Sponsored by : PlanningEngineer Est.
www.planningengineer.net

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