Professional Documents
Culture Documents
BCE413D (1664)
Let’s Check
ULO 1A
1. Cost Estimate
- The anticipated cost of the project is established using a cost estimate. It
depends on the project's size, level of difficulty, and available resources. The
cost estimate may be used to develop a budget, evaluate the project's
viability, and monitor expenses as the work progresses.
2. Quantity Surveying
- the evaluation, cost planning, and measurement of construction and civil
engineering projects. To determine a project's cost, manage its budget, and
make sure it is finished on schedule and under budget, quantity surveyors
employ their expertise in mathematics, economics, and construction.
3. Quantity Surveyor
- A quantity surveyor is a professional who determines the cost of building
projects, manages their budgets, and makes sure they are completed on
schedule and within budget. Quantity surveyors determine the quantity of
materials and labor required for a project and estimate the cost of those items
and labor using their knowledge of mathematics, economics, and
construction. They also work along with clients and project managers to
establish the project's budget and keep track of its development to make sure
it stays on schedule.
4. Estimator
- To finish projects on time and under budget, estimators work together with
clients, project managers, and contractors. The estimator is in charge of all
the plans, proposals, and manuals. They create the most precise cost
estimate they can using their knowledge of supplies, labor, and overhead
costs.
5. Detailed estimates
- are precise cost projections based on a thorough comprehension of the
project's scope, schedule, and available resources. They take more time and
effort to generate but are typically more accurate than first predictions. To bid
on projects or create solid budgets, detailed estimates are used.
6. Appropriation estimates
- The appropriation estimate, which is the conceptual estimate that is the most
exact, is used to decide whether to fund the project. A certain amount of
money will be put aside to cover project expenses if the potential benefits of
the project surpass the anticipated costs; this process is known as
appropriation. The project budget, which is used to monitor expenses and
make sure the project stays under budget, is built upon the appropriation
estimate.
7. Bill of Quantities
- The costs of a building project's materials, labor, and other expenses are
listed in a bill of quantities (BOQ). It is employed to help contractors set the
price of their bids for the project and guarantee that it is completed on time
and within the allocated budget.
9. Drawing Plan
- A technical drawing that shows the arrangement of a structure or object is
called a drawing plan. It is frequently used to describe project design to
contractors, engineers, and other stakeholders in the construction,
engineering, and architectural sectors. Various software applications may be
used to create drawing plans, although they are typically created by hand
using drafting tools.
2. Scope definition
- Scope definition is the process of establishing a project's boundaries. It
involves figuring out the project's goals, deliverables, and constraints. such as
taking employees, supplies, and equipment into account.
3. Pre-estimate planning
- Pre-estimate planning is the process of creating an initial cost estimate for a
project. Typically, it is carried out early in the project, before the project scope
is fully defined. It is an important step since it guarantees that the project is
viable and that the project team is aware of its expenses.
4. Quantity take-offs and item descriptions
- Quantity take-off, or QTO, is the process of estimating the amount of labor
and materials needed to complete a building project. A bill of quantities
(BOQ), a document that lists the project's materials, labor, and other costs, is
produced using it. An item description is a detailed explanation of a single
item or part of a construction project. Name, amount, unit of measurement,
and any other relevant data are all included.
5. Data sources and costing
- Data sources are the locations where data comes from. For construction
projects, possible data sources include past project data, market data, and
vendor bids. Costing is the process of figuring out how much a thing costs.
Costing involves figuring out how much materials, labor, and other expenses
for construction projects will cost.
6. Direct cost totals
- The direct cost total is the total of all direct costs for a project. Direct costs are
expenses that are directly connected to the production of a good or service;
they frequently include labor, materials, and subcontracted services. Total
direct costs play a crucial role in project planning and budgeting. They help to
make that the project has enough funding and that the project team is aware
of its expenses.
7. Summary and cover sheets
- A brief overview of a document or project is called a summary. In order to
offer readers a brief summary of the subject matter of the document or
project, it is typically placed at the beginning of both. A page that comes
before a document or project is called a cover sheet. It often comprises the
name of the author, the title of the document or project, the date the
document or project was created, and the goal of the document or project.
8. Documentation and checking
- Project plans, requirements papers, test plans, and user manuals are a few
examples of the kinds of documents that can be included in documentation.
Documentation is the activity of creating and maintaining written records of a
project or process. Verifying that documentation is accurate and
comprehensive is the process of checking. It could involve examining the
documentation for mistakes, contrasting the documentation with the project or
process, and testing the documentation to make sure it works as intended.
9. Management review
- Regularly assessing a project's or process's development to ensure that it is
on track and accomplishing its goals is known as management review. The
project manager or a group of managers who oversee the project or process
typically carry it out.
10. Estimate issue and filing.
- A fault in an estimate that might lead to a cost overrun or schedule delay is
known as an estimate issue. Numerous factors, such as inaccurate data,
exaggerated predictions, or unforeseen occurrences, may be to blame. Filling
is the process of revising an estimate to consider modifications to a project's
budget, schedule, or scope. To maintain the project on schedule and under
budget, it is essential to keep estimates current.
11. Cost feedback/continual improvement
- Cost feedback is the procedure of acquiring data on the actual expenses of a
project or activity. This information may be used to identify areas where the
project or process might be enhanced or cost-cutting possibilities. Continuous
improvement refers to the process of making ongoing changes to a project or
process to increase its effectiveness, efficiency, and quality.
ULO 1B
In a Nutshell
1. I discovered that being familiar with a project's features makes it more likely that
it will be well-planned and successful. By being aware of the characteristics of
the project, the project manager may create a plan that is tailored to its
requirements. This can help in meeting the project's deadlines, spending
constraints, and quality requirements.
3. I discovered that budgeting and data sources are two essential components of
project management. Data sources are the places where data comes from,
whereas costing is the process of determining what something will cost. In
project management, data sources are utilized to gather details about the project,
such as its scope, schedule, and budget. Following that, a project plan is created
using this data, and the project's progress is monitored. Another crucial
component of project management is costing. It is employed to determine the
project's cost, which is required for budgeting and decision-making.
4. I discovered that item descriptions, which give information on the materials and
components used in a project, are helpful in the building sector. Many different
parties can benefit from this information, including contractors who can use item
descriptions to correctly bid on projects and make sure they have the necessary
materials and components on hand.
ULO 1C
Let’s Check