COST ENGINEERING

Planning and Scheduling excellence guidelines at: www.spillboom.20m.com LIBRARY Project Management References https://www.dropbox.com/sh/mkbe8rsckx5z95r/SR3RLcMvw7 P&S questions and answers in preparation for the examination as PSP https://www.dropbox.com/s/o7xuhlubbttcqt9/P%26S%20PRESENTATION%20Q%26A.pdf P&S study guide (AACEI) https://www.dropbox.com/s/7950sa215pwcbbj/P%26S%20CERIFICATION%20STUDY%20GUIDE.pdf Planning and Scheduling Excellence Guidelines (PASEG) https://www.dropbox.com/s/132mlkdl09ujhmm/PASEG.pdf Earned Value Management (PMI) https://www.dropbox.com/s/xfuezwzppe43rqa/EARNED%20VALUE%20MANAGEMENT.pdf Operational Project Management Maturity Model (OPM3) https://www.dropbox.com/s/azkjs6nar65zqzt/OPM3_Pr.pdf Project metrics : https://app.box.com/s/70ul30wbra8f0oiofgif International Principles of Measurement: https://app.box.com/s/wh4wbgklym2wkph9rr6z International Building code: https://app.box.com/s/n9dnrmifuf3axfl30ls5 Master ...

Ten Commandments for Worldwide Cost Engineering 1. Thou shall not begin an international cost engineering assignment without preparing for the differences in culture and protocol. 2. Thou shall not ignore investment objectives of the target country's government. 3. Thou shall use emotional intelligence to deal with professionals of other disciplines. 4. Thou shall not use biased estimated scope that does not reflect technical, cultural, legal, and climate differences. 5. Thou shall not ignore what materials and equipment must be imported and their impact on cost and schedule. 6. Thou shall not accept as gospel cost data for other countries without thoroughly checking for understanding and testing for reasonableness. 7. Thou shall not ignore productivity, weather, religious practices, and construction methods when calculating labor cost. 8. Thou shall not ignore the additional risks associated with cost and schedule on international projects. 9. Thou shall ...

CAPITAL PROJECTS CHECKLIST    https://app.box.com/s/ew1cp61fuh2iyxivyi8e CONSTRUCTABILITY (VALUE ENGINEERING) GUIDELINES https://app.box.com/s/zrlos7nouqb9fosq602x   COST ESTIMATING ADVICE   https://app.box.com/s/i0fbsj113sn5v3giler4   GENERALLY ACCEPTED SCHEDULING PRINCIPLES   https://app.box.com/s/lmu8lca4vd4oraf2tndo   MIDDLE EAST CONSTRUCTION ESTIMATOR   https://app.box.com/s/pzjdo0ib2ee0hvxuehhz   ORGANIZATIONAL PROJECT MANAGEMENT MATURITY MODEL   https://app.box.com/s/o7vnbctkp7ruy70xpbp2   PERSONAL ESTIMATOR   https://app.box.com/s/muzx8jrp89srtmiwqjks   PROJECT MANAGEMENT FORMS   https://app.box.com/s/rl59kyqbwgjd1utw7n6z   PROJECT MANAGEMENT WORK BOOK https://app.box.com/s/y504homocwf51bb6d8ry   SYSTEMS ENGINEERING   https://app.box.com/s/dvejid3...

PMP exam preparation program https://app.box.com/s/cpb1wyl40u2onzr7hupg PM BOOK OF KNOWLEDGE (PMI)  https://app.box.com/s/ui5ntb4vu6cpf656xc84 PMP Q&A PROGRAM  https://app.box.com/s/qe720a1qhurbrtfdueb8 EARNED VALUE MANAGEMENT  https://app.box.com/s/bve7d2w2dur3rarkit1i WORK BREAKDOWN STRUCTURE  https://app.box.com/s/9ihiukl4wvn188mx62z0 COST ENGINEERING BOOK https://app.box.com/s/eej8f2c0d2q210ar2og5 CCE & CCC EXAM PREPARATION GUIDE  https://app.box.com/s/mho9tvv7h67e7m5v08wq CCE & CCC EXAM QUESTIONS AND ANSWERS https://app.box.com/s/7y566fjkf3b343jcrki4 P&S CERTIFICATION STUDY GUIDE https://app.box.com/s/80r4rgsdn49npb3rpfds P&S QUESTIONS AND ANSWERS  https://app.box.com/s/pkukjdqfxh9b36rzsmoh SKILLS & KNOWLEDGE OF...

ACCOUNTING BASICS https://app.box.com/s/19f8pdtjfxv8ldrceiey ADVANCED COMMUNICATION SKILLS https://app.box.com/s/8arwwfl3gkawqftb4cgw EMOTIONAL INTELLIGENCE https://app.box.com/s/y3o22m0b0vxorz1c323b FINANCIAL ECONOMETRICS https://app.box.com/s/5zpqt9adb9thztmvg48s INFLUENCE AND PERSUACION SKILLS https://app.box.com/s/vy1z2cxieoig6x85dm8i INTERNATIONAL FINANCIAL REPORTING BASICS https://app.box.com/s/o5w8lw3v1v9591biosql MANAGERIAL AND COST ACCOUNTING https://app.box.com/s/z67vl3y40gias3wbmjhl MANAGING THE HUMAN RESOURCE https://app.box.com/s/e5k5k27qb2nxv7niko5m STATISTICS FOR BUSINESS AND ECONOMICS  https://app.box.com/s/77s5jjdgh1h119k1ai9a ENTERPRISE RISK MANAGEMENT https://app.box.com/s/66ly11c95sg6g9366ayg MANAGING PROJECTS https://app.box.com/s/ka7fu62u9ayhbaxh1f7j      

Procurement Management  Procurement management may be defined as the combined functions  of purchasing planning, vendors qualification, purchasing, inventory  control, traffic control, quality control, and salvage operations.  Procurement management is a concept originally introduce by  governments whereby the purchasing function is expanded from  merely exchanging money for goods to one of total responsibility  for acquiring goods.  From the project management point of view, procurement functions  vary according to the job progress within the project life cycle.  Since material supply fo...

Cost Estimates over the Project Life Cycle Planning Estimates Planning estimates are normally created for a proposed job or project before the conceptual design is completed. Planning estimates are used to set cost estimates for early project work involving scope determination and feasibility study efforts and for a preliminary budget estimate of the total project costs. Planning estimates are based on drawing analogies from past cost experience with similar projects, where available. Rough Order of Magnitude estimates are planning estimates used in the absence of previous cost experience. Planning estimates are only approximations. It is imperative that the estimator fully describe and document the basis of the estimate, including how the estimate was prepared and any items specifically excluded from the estimate. Budgetary or Conceptual Design Estimates The fundamental purposes of a budgetary or conceptual design estimate are: Ensuring that the project offers suffic...

 Risk Management   The risk management plan typically includes the following ten components:  1. Methodology  2. Roles and responsibilities  3. Budgeting  4. Timing  5. Risk categories  6. Definitions of risk probability and impact  7. Probability and impact matrix  8. Revised stakeholders' tolerances for risk  9. Reporting formats  10. Tracking information  1. Methodology  Methodology describes:  The tools, methods, and sources of information that will be used to perform  risk management, including how risks will be identified, analyzed, and categorized;  How risk respon...

Forecasting is a management endeavor to foretell how business is going to be next term. It is performed by qualitative and quantitative techniques. Qualitative techniques are forecasting procedures which utilize judgment and experience to produce estimates of future events. The Delphi Method, Market Research and Historical Analogy are examples of qualitative forecasting techniques. Quantitative techniques are forecasting procedures which use past data to establish a pattern that will determine the nature of future estimates. These techniques assume that the past is an indication of what is going to happen in the future. Several statistical techniques are specifically designed for forecasting, the most common of them being regression analysis. Regression Analysis Regression analysis is a statistical technique that provides a mathematical model that better represents a series of observations. Linear Regression If the observations at hand are suggesting a linear relation...

Decision making tools and techniques Probability laws and concepts are the basis to solve most decision-requiring cost engineering situations. Probability can be defined in many ways, but probably the simplex of them all is that establishing probability as the quantification of uncertainty. Probability of an event ranges from impossibility or zero probability to total certainty or probability 1 so, the probability of an event P happening can be mathematically expressed as: 0 <= P <= 1 Probability of an event happening is said to be objective if it is based on past data, but past data is not always available and the subjective probabilities based on personal judgment and/or experience can be adopted. The best way to deal with uncertainty is to measure it. This sounds ominous, but it is not. We can learn to measure personal judgment and experience statements and to use them to our benefit. Subject Matter Experts (SME) usually come up with statements like: Highly...

COST CONTROL Cost Control includes monitoring cost performance, ensuring that only appropriate project changes are included in a revised cost baseline, and informing project stakeholders of authorized changes to the project that will affect cost. Cost Control purpose is to identify performance issues regarding cost in order to signal action to adjust the cost baseline or budget. It is also used to signal the project manager to take corrective action. Cost control is designed to control change, not prohibit change. Effectiveness in controlling project costs is based on using a number of disciplines and practices. Some of these are almost intuitive. For example, what personal disciplines do you invoke in managing your household expenses? Do you establish a budget? What techniques do you employ to monitor your budget? Purpose of Cost Control The primary purpose of the Cost Control process is to influence the factors that create cost variances and to control changes to the ...