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Construction cost management?
Estimating Project CostsEstimating project cost means developing an estimate for the monetary resources needed to complete the project work; that is, activities. These estimates are based on the information available at a given time. The estimates in the beginning are less accurate; for example, their accuracy may be only as good as + or - 50 percent. For example, if you say the cost will be $50,000, it could be anywhere between $25,000 and $75,000. As the project moves along and more information becomes available, the cost estimates can be improved to get better estimates.Determining Project BudgetDetermining the project budget is the process of aggregating the cost estimates for all project activities and assigning a timeline to them. Cost aggregation is the technique used to calculate the cost of a whole by summing up the costs of the parts of which the whole is made. You can use the bottom-up estimation technique to aggregate the costs of all the components and activities to calculate the total cost of the project. The timeline assigned to this cost will be important to reconcile the expenditure with the funding limits. The reconciliation may require rescheduling some activities.Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline.Trivia:Like any other change, change in cost and budget must also be processed through the integrated change control process and should only be implemented after its approval.To be more specific, monitoring and controlling the project cost includes the following tasks:• Influence the factors that can create changes to the approved cost baseline.• Monitor the following:o Work performed against the funds expendedo Variance of cost performance from the approved baseline • Prevent unapproved changes from creeping into cost reports and expenditures.• Act to keep cost overruns within the planned acceptable limits.• Ensure the following:o Change requests are dealt with in a timely fashion and managed as they occur.o Expenditures do not exceed the approved budget by period or by total amount. Any change to the budget must be approved before implementation. • Communicate with the appropriate stakeholders about the cost associated with the approved changes.
When working with the reprogramming of military construction appropriations some of the permissible reasons for reprogramming of military construction and family housing funds are that reprogramming?
What are some of the permissible reasons for reprogramming of military construction and family housing funds are that reprogramming is necessary in response to:
What project did Andrew Carnegie fund?
social/educational funds: the carnegie institute of technology(a technically oriented university) , the carnegie library system(a lending library) , and the carnegie museum system, which at the time of its inception was free to the public. critics say his rep was so bad that, in his old age(and because of his conscience), he began these programs to try to make up for fifty years of inhumanity. he faired no better than the phone company.
How do you write an acknowledgement for a project or report?
You just write down the name of the person or organization and what they did to help, such as "I would like to thank Mr Tyler, Mrs. Jane, and Mrs. Price for guiding my experiment. I would like to thank Dr Fisher for helping analyze data. lastly I would like to thank Mrs Glass keeping the library open past hours to help find the books i needed....If it is more formal, such as a scientific paper, you list the names, resources and contributions, like a 'works cited' sheet for people.Also, remember to thank any organization or individual that provided money or technical assistance for the research. Some organizations providing research funds require you to give the reference number of any grant. In such cases you will presumably have been informed.I am very thankful to everyone who all supported me,for i have completed my http://wiki.answers.com/q4163395.htmleffectively and moreover on time.I am equally grateful to my teacher[name].she gave me moral support and guided me in different matters regarding the topic.she had been very kind and patient while suggesting me the outlines of this project and correcting my doubts.I thank her for her overall supports.Last but not the least, I would like to thank my parents who helped me a lot in gathering different information, http://wiki.answers.com/Sports_Leisure/Hobbies/Collecting/data and guiding me from time to time in making this project .despite of their busy schedules ,they gave me different ideas in making this Answers.comunique.Thanking younameclass-secthis is how i wrote my project acknowledgement.
How can damage from strip mines be repaired?
It actually takes place on an ongoing basis in the US. When a mine is closed, there are funds that have been set aside for restoration of the mined area. Land is contoured, topsoil placed where it is needed, and lands planted with vegetation that will grow in that area.
What is the difference between a Revolving Fund and a Refund?
A revolving fund is continuously replenished as funds are withdrawn. A refund is a complete repayment, or payback, of a certain amount of money.
What stage represents a legal obligation of funds for orders contracts agreements?
Undelivered Orders Outstanding "O"
What stage represents a legal obligations of funds for orders contracts or agreements?
Undelivered Orders Outstanding "O"
What is the stage that represents a legal obligation of funds for orders contracts or agreements?
Undelivered Orders Outstanding "O"
What is RC loan?
RC loan refers to Revolving Credit Loan. Revolving Credit is a line of credit, which maybe used whenever a company needs funds. Usually, such credit doesn't have fixed number of payments.
What has the author H Rustamadji written?
H. Rustamadji has written: 'The introduction of a revolving fund in Cicantayan Village, West Java' -- subject(s): Social conditions, Community development, Revolving funds, Economic conditions, Rural development
Where is Euro National Funds Project Address?
new Euro National Funds Project Address fe kos om abo zahraa wa zen Al-abdeen please call me 07701234727
Which of the following is a true statement about purchase orders (POs)?
A PO represents an obligation of funds in GFEBS
Is a cancelled project the same as an unsuccessful project?
A cancelled project is different from an unsuccessful project. A project could be cancelled because of lack of funds or because the company decided to focus on something else. It might not be unsuccessful.
What are intragovernmental holdings?
Intragovernmental Holdings are Government Account Series (GAS) securities held by government trust funds, revolving funds and special funds; plus Federal Financing Bank securities. The Intragovernmental Holdings are primarily composed of the Medicare Trust Fund and Social Security Trust Fund.
What are the advantages and disadvantages of matches?
Matching Grants are where a government or other party provides funds on the condition that the receiving party raises equivalent funds to complete a nominated project. They work to make sure that an organisation is adequately committed to a project, but do place impossible demands on organizations that desperately need funds.
How can power of the purse restrict presdential power?
By refusing to provide the funds necessary to carry out the president's orders.
