CVE30004 Cost Engineering

Assignment 2 (25%)

This is a team assignment in which your team is required to produce a project progress report
from Assignment 1. The progress report is to be presented at a meeting with senior company
management. It is an internal company project report and its details will be kept strictly
confidential.

Your team has been asked by the bid manager to prepare a complete BQ, project scheduling
and risk analysis with proposed allowances and contingencies to include in the bid.

The Assignment 2 report should at least include the following:

1. Executive summary
2. Introduction
3. Continue with assignment 1 BQ with pricing
4. Project progressing record
5. Risk Assessment
6. Conclusion

The 5-minute presentation should include the following:

1. Summary of the cost and schedule.
2. How does the risk assessment affected the cost and schedule?
3. How did you overcome it?

Due date for Assignment Submission

The assignment is to be submitted by the team coordinator via Canvas in electronic format
(pdf) before 22 November 2021 @ 17:00.

Note: This assignment is to be all your own work. Refer to student notices on Canvas regarding
plagiarism and unfair advantage. In particular, if you copy another students work, or if you
allow another student to copy your work, even with modifications, then both of you risk being
penalised by losing some or all of your marks in addition to other consequences that may be
imposed upon you.
CVE30004 Cost Engineering

Team Organization
This is a team assignment and the best results will be achieved in the shortest time if you
allocate tasks to team members and then review the individual results as a team. It is in your
best interest to present a well thought out project progress executive summary and report.
The following are suggestions as to how the assignment tasks could possibly be divided up
amongst team members.
Team Coordinator: Assembles the final progress report and drafts the executive summary
for team review.
Cost analyst: Complete the report (BQ) with pricing.
Scheduler: Determine a likely completion progress or duration for the project. Prepare a Gantt
Chart.
Risk Manager: List, analyse and mitigate the risks associated with the project.
CVE30004 Cost Engineering

Brief Note

Scheduling:
Critical Path
Contract award > Mobilise > Remove footpath & crossover > Clear rubbish > Excavate site
to level > Storm drains & services > Portal footings > Ground beams > Structural steel
warehouse > Roof plumbing warehouse > Floor slab & cure warehouse > Roller shutter door
> Relocation site office and temporary facilities > Concrete curb & cure > Fill garden topsoil
> Planting > Cleanup

Tasks with float

Task name Float Task name Float
Precast wall panel (warehouse) 19 days Ground beams (office) 20 days
Cure portal footings 55 days Cure ground beams (office) 20 days
Cure ground beams (warehouse) 19 days Floor slab & cure (office) 20 days
Truck apron & washdown 21 days Car park apron & cure 21 days
Truck crossover 26 days Car park crossover & cure 25 days
Cure apron & crossover 26 days Electrical utilities 20 days
Precast concrete wall panel (office) 22 days Sanitary plumbing 20 days
Structural steel office 22 days Office amenities fit out 20 days
Roof plumbing (office) 20 days

Assumptions
1. Site preparation is carried out after preliminaries.
2. Construction of warehouse and office is carried out after site preparation is done.
3. Installation of roller shutter is carried out after the floor slab, truck apron and
crossover are cured.
4. Utilities and fit out are carried out after the floor slab of the office is cured.
Electrical utilities takes 6 days to complete. Sanitary plumbing takes 5 days to
complete. Office amenities fit out takes 10 days to complete.
5. Landscaping is carried out after the completion of warehouse and office.
Landscaping includes relocate site office and temporary facilities takes 3 days,
concrete curb and cure takes 12 days, fill garden topsoil takes 7 days and
planting takes 7 days.
6. Cleanup for handover takes 7 days to complete after landscaping.

Risk Management:

1. You may use the model supplied (or table below) to list at least as much risks
as possible (brainstorm) in a table, including a probability, cost severity, and
Probable cost (likelihood x cost severity):

Item Description (Cause / Event) Likelihood Severity Probable Cost

1.
CVE30004 Cost Engineering

Marking Rubric.

Unacceptable Marginal Acceptable Good Excellent

Criteria
(0 – 0.2) (0.2 – 0.4) (0.4 – 0.6) (0.6 – 0.8) (0.8 – 1.0)
Report format (1%) Many expected Some expected Some expected Few expected All the elements are
elements are elements are elements are elements are included and
missing and not missing and not missing but missing and logically organised.
logically organised.logically organised. logically organised. logically organised. No errors in
Many errors in Major Some Few inconsistencies presenting
presenting inconsistencies in inconsistencies in in presenting information.
information. presenting presenting information.
information. information.
Executive summary, Minimal effort for Minimal effort for Some effort for Executive Executive
Introduction & Conclusion (1%) Executive Executive Executive summary, summary,
summary, summary, summary, Introduction & Introduction &
Introduction & Introduction & Introduction & Conclusion Conclusion well
Conclusion, missing Conclusion, missing Conclusion, missing adequate thought out with
descriptions of descriptions of descriptions of few descriptions but not clear descriptions.
many elements. some elements. elements. clear.
Project cost (5%) No real attempt and Some attempt and Some obvious Few errors but All of criteria are
Detailed costing with supporting not logic. not logic. errors but logic. logic. included.
documents, clear logic, units are Mostly right, clear
included. and logic.
Project progressing record & Inadequate effort. Many errors and Some errors and Minor errors and All of criteria are
Scheduling (5%) Expected criteria missing of criteria. missing of criteria. missing of few included.
Description of tasks, assumptions, are not included. Adequate Adequate criteria. Clear descriptions,
critical path, Gantt Chart. Poor descriptions, descriptions but not descriptions but not Adequate excellent
assumptions and clear, assumptions clear, good descriptions but not assumptions and
durations. and durations are no assumptions and clear, good durations.
Poor presentation in accurate. durations. assumptions and Gantt Chart is well
Gantt Chart. Poor presentation in Good presentation durations. presented.
Gantt Chart. in Gantt Chart. Good presentation
in Gantt Chart.
CVE30004 Cost Engineering

Risk Assessment (5%) Addresses only Identifies some Risks to be Risks to be Risks to be
Identify, analyse, evaluate and surface-level or basic risks in considered critically considered critically considered critically
mitigate the risks. obvious risks. Over- each category. is stated but is stated, described, is stated clearly and
or under-estimates Probability and description leaves and clarified. described
the probability severity of the risks some undefined. Realistically comprehensively.
and/or severity of are considered Gives some estimates the Realistically
the risks identified. reasonable. Selects pragmatic probability and estimates the
Selects some some mixture of consideration to the severity of all probability and
inappropriate appropriate and probability and risks identified. severity of all
mitigating actions; inappropriate severity of the risks Selects mostly risks identified.
May select actions mitigating actions; identified. Selects appropriate Selects appropriate
solely based on cost somewhat mitigating actions; mitigating
or ease of appropriate based on risk actions for each
implementation mitigating actions; identified. risk, clearly
Somewhat based on the prior
considers the prior risk
risk identification identification and
and assessment. assessment