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Cost Management Assignment: Construction Project

   

Added on  2020-05-28

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Running head: PROJECT COSTProject CostName of the StudentName of the UniversityAuthor Note
Cost Management Assignment: Construction Project_1

1PROJECT COSTFred’s shed Construction A budget has to be prepared for construction of a shed for presenting it to the projectsteering committee. Mr. Jones wants Fred Smith to develop a shed with a cost of approximately,$40,000. According to the specifications given by Mr. Jones, a project budget has been preparedby considering the best quality materials for the project. The size of the shed to be prepared isconsiderably large as it should accommodate to store tractors, utility, vehicles and should includespaces for a workbench, tools and fertilizers. The project work should commence within sixweeks and therefore, estimated date of project initiation is taken as 20th February 2018. Me.Jones has made it clear that he needs the whole work to be completed within 3 weeks andtherefore, the date of project completion is roughly estimated to be 20th March 2018. The budget for the whole project work has been prepared considering the salary of all theproject team members and the construction workers. The site preparation is a crucial step of theshed construction as it involves proper survey of the site and locating the boundaries of the siteproperly. A proper project management methodology is to be followed for planning, designingand completion of the project. The detailed budget and work breakdown structure of the projectis elaborated in the following table. Fred’s ShedWork Breakdown StructureTask Number/IDTask DescriptionPredecessor relationship (sequence)TimeResource NamesCost0Shed Construction 20.63 days$39,885.001 Project starts0 daysContractor Fred $0.002 Requirement selection and Planning0.88 days$2,160.00
Cost Management Assignment: Construction Project_2

2PROJECT COST2.1 Inspection of the site12 hrsContractor Fred $480.002.2 Meeting with Mr. Jones for selection of color and style of the shade31 hrContractor Fred $240.002.3 Documenting the requirements42 hrsContractor Fred $480.002.4 Estimating the materials required42 hrsContractor Fred $480.002.5 First installment of the payment receiving62 hrsContractor Fred $480.003 Shed Designing2 days$2,440.003.1 Analyzing the requirements35 hrsContractor Fred $1,200.003.2 Designing the shadeon basis of the place available910 hrsDesigner Karen$1,000.003.3 sharing the design with Mr. Jones101 hrContractor Fred $240.003.4 design Approval by Mr. Jones110 hrsContractor Fred ,Designer Karen$0.004 Site Preparation 7.25 days$7,710.004.1 Underground Cable Service Check 1210 hrsConstruction Workers$250.004.2 locating existing boundaries 124 hrsSurveyor$200.004.3 site clearance1520 hrsConstruction Workers$500.004.4 Establishment of temporary site facilities 1624 hrsContractor Fred $5,760.004.5 Building the framework1710 hrsDesigner Karen$1,000.005 Implementation 6.38 days$17,340.005.1 start of excavation work in the site180 hrsConstruction Workers$0.005.2 Booking of council inspection201 hrCouncil Inspector$100.005.3booking the concrete truck201 hrConcrete truck [1]$5,000.005.4 setting dates for shed installation and power supply201 hrContractor Fred $240.005.5 receive of second installment of payment232 hrsContractor Fred $480.00
Cost Management Assignment: Construction Project_3

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