Cost and Quality Management Plan for Bungalow Project

This document provides a cost and quality management plan for a bungalow project. It includes cost estimation using the three-point estimation method and the use of quality metrics to manage the project's quality.

Running head: PROJECT MANAGEMENT
Project management: Bungalow project
Name of the Student
Name of the University
Author’s Note

1
PROJECT MANAGEMENT
Table of Contents
Part B: Cost and quality management plan......................................................................................2
1. Cost management planning......................................................................................................2
1.1 Cost estimation for the Bungalow project.........................................................................2
1.2 Project budget baseline......................................................................................................5
1.3 Tools and techniques that are used for cost management plan with justification.............6
2. Quality management planning.................................................................................................6
2.1 Quality management approach..........................................................................................7
2.2 Quality requirements.........................................................................................................7
2.3 Quality assurance...............................................................................................................7
2.4 Quality control...................................................................................................................8
2.5 Quality control measurements...........................................................................................9
2.6 Sponsor acceptance..........................................................................................................10
Bibliography..................................................................................................................................11

2
PROJECT MANAGEMENT
Introduction
The paper mainly reflects on the construction of a Bungalow project. The main aim of the
paper is to focus on cost as well as quality management plan for the project. It is found that in
order to calculate the cost of the project, three-point estimation method is used. Moreover, the
paper utilizes a number of quality metrics in order to manage the quality of the Bungalow
project.
Part B: Cost and quality management plan
1. Cost management planning
1.1 Cost estimation for the Bungalow project
The cost estimation for the entire Bungalow project is generally done with the help of
three-point estimation method. The entire budget calculation is generally reflected in the table
below:
A
ctivity
#
U
nit
s
Unit Plan
t Materi
al/FC
Total
cost
Optimisti
c cost
Pessimis
tic cost
Most
likely
cost Mean
1
1.1 2
$
2,25
0.00
- -
$
2,250.
00
$
1,800.00
$
3,375.00
$
2,250.00
$
2,475.0
0
1.2 48
$
1,35
0.00
- -
$
1,350.
00
$
1,080.00
$
2,025.00
$
1,350.00
$
1,485.0
0
1.3 0.2
5
$
2,25
0.00
- -
$
2,250.
00
$
1,800.00
$
3,375.00
$
2,250.00
$
2,475.0
0
1.4 1
$
450.
00
- $
450.00 $
900.00
$
720.00
$
1,350.00
$
900.00
$
990.00
1.5 0.2 $ - - $ $ $ $ $

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PROJECT MANAGEMENT
5 2,25
0.00
2,250.
00 1,800.00 3,375.00 2,250.00
2,475.0
0
1.6 0.5
$
2,25
0.00
- -
$
2,250.
00
$
1,800.00
$
3,375.00
$
2,250.00
$
2,475.0
0
1.7 1 -
$
650.
00
- $
650.00
$
520.00
$
975.00
$
650.00
$
715.00
1.8 6
$
700.
00
- $
700.00
$
1,400.
00
$
1,120.00
$
2,100.00
$
1,400.00
$
1,540.0
0
1.9 2
$
400.
00
$
400.
00
$
800.00
$
640.00
$
1,200.00
$
800.00
$
880.00
1.1 38
$
20.0
0
- $
760.00 $
780.00
$
624.00
$
1,170.00
$
780.00
$
858.00
1.11 38
$
1,53
8.00
- -
$
1,538.
00
$
1,230.40
$
2,307.00
$
1,538.00
$
1,691.8
0
2 $
-
$
-
$
-
$
-
$
-
2.1 48
$
16.0
0
$
768.
00
- $
784.00
$
627.20
$
1,176.00
$
784.00
$
862.40
2.2 48
$
11.0
0
$
528.
00
- $
539.00
$
431.20
$
808.50
$
539.00
$
592.90
2.3 48 $
8.50
$
408.
00
- $
416.50
$
333.20
$
624.75
$
416.50
$
458.15
2.4 1
$
350.
00
$
350.
00
- $
700.00
$
560.00
$
1,050.00
$
700.00
$
770.00
2.5 48
$
10.5
0
- $
504.00 $
514.50
$
411.60
$
771.75
$
514.50
$
565.95
2.6 0.5
$
3,75
0.00
- -
$
3,750.
00
$
3,000.00
$
5,625.00
$
3,750.00
$
4,125.0
0
2.7 0.2
$
2,25
0.00
- -
$
2,250.
00
$
1,800.00
$
3,375.00
$
2,250.00
$
2,475.0
0
2.8 0.5
$
2,25
0.00
- -
$
2,250.
00
$
1,800.00
$
3,375.00
$
2,250.00
$
2,475.0
0
2.9 1 - - - $
-
$
-
$
-
$
-
$
-
2.1 0.2 $
1,50
- $
500.00
$
2,000.
$
1,600.00
$
3,000.00
$
2,000.00
$
2,200.0

4
PROJECT MANAGEMENT
0.00 00 0
2.11 0.2
$
3,75
0.00
-
$
1,400.
00
$
5,150.
00
$
4,120.00
$
7,725.00
$
5,150.00
$
5,665.0
0
3 $
-
$
-
$
-
$
-
$
-
3.1 2
$
3,75
0.00
-
$
4,200.
00
$
7,950.
00
$
6,360.00
$
11,925.0
0
$
7,950.00
$
8,745.0
0
3.2 1 - -
$
2,100.
00
$
2,100.
00
$
1,680.00
$
3,150.00
$
2,100.00
$
2,310.0
0
3.3 1
$
1,50
0.00
-
$
1,200.
00
$
2,700.
00
$
2,160.00
$
4,050.00
$
2,700.00
$
2,970.0
0
3.4 0.5
$
2,25
0.00
- $
750.00
$
3,000.
00
$
2,400.00
$
4,500.00
$
3,000.00
$
3,300.0
0
3.5 0.5
$
3,75
0.00
-
$
2,625.
00
$
6,375.
00
$
5,100.00
$
9,562.50
$
6,375.00
$
7,012.5
0
3.6 0.8
$
2,25
0.00
- $
800.00
$
3,050.
00
$
2,440.00
$
4,575.00
$
3,050.00
$
3,355.0
0
3.7 2.5
$
120.
00
$
300.
00
- $
420.00
$
336.00
$
630.00
$
420.00
$
462.00
3.8 1
$
3,75
0.00
- $
500.00
$
4,250.
00
$
3,400.00
$
6,375.00
$
4,250.00
$
4,675.0
0
3.9 0.7
5
$
2,81
2.50
-
$
4,000.
00
$
6,812.
50
$
5,450.00
$
10,218.7
5
$
6,812.50
$
7,493.7
5
3.1 0.2
$
2,25
0.00
- $
600.00
$
2,850.
00
$
2,280.00
$
4,275.00
$
2,850.00
$
3,135.0
0
3.11 1
$
3,75
0.00
-
$
4,200.
00
$
7,950.
00
$
6,360.00
$
11,925.0
0
$
7,950.00
$
8,745.0
0
3.12 1 - - - $
-
$
-
$
-
$
-
$
-
3.13 1 - - - $
-
$
-
$
-
$
-
$
-
4 $
-
$
-
$
-
$
-
$
-
4.1 0.5
$
1,50
0.00
- $
650.00
$
2,150.
00
$
1,720.00
$
3,225.00
$
2,150.00
$
2,365.0
0
4.2 1 - $
3,20
- $
3,200.
$
2,560.00
$
4,800.00
$
3,200.00
$
3,520.0

5
PROJECT MANAGEMENT
0.00 00 0
4.3 1
$
4,00
0.00
$
3,60
0.00
-
$
7,600.
00
$
6,080.00
$
11,400.0
0
$
7,600.00
$
8,360.0
0
4.4 1
$
800.
00
$
800.
00
-
$
1,600.
00
$
1,280.00
$
2,400.00
$
1,600.00
$
1,760.0
0
4.5 1
$
11,2
00.0
0
$
11,2
00.0
0
- $
22,400
.00
$
17,920.00
$
33,600.0
0
$
22,400.0
0
$
24,640.
00
4.6 1
$
3,75
0.00
$
2,800.
00
$
6,550.
00
$
5,240.00
$
9,825.00
$
6,550.00
$
7,205.0
0
4.7 1
$
7,50
0.00
$
7,50
0.00
-
$
15,000
.00
$
12,000.00
$
22,500.0
0
$
15,000.0
0
$
16,500.
00
4.8 1
$
3,75
0.00
$
1,200.
00
$
4,950.
00
$
3,960.00
$
7,425.00
$
4,950.00
$
5,445.0
0
4.9 1 -
$
4,20
0.00
-
$
4,200.
00
$
3,360.00
$
6,300.00
$
4,200.00
$
4,620.0
0
4.1 1
$
4,00
0.00
$
4,00
0.00
-
$
8,000.
00
$
6,400.00
$
12,000.0
0
$
8,000.00
$
8,800.0
0
4.11 0.1
$
2,25
0.00
- $
150.00
$
2,400.
00
$
1,920.00
$
3,600.00
$
2,400.00
$
2,640.0
0
4.12 1
$
1,87
5.00
-
$
1,800.
00
$
3,675.
00
$
2,940.00
$
5,512.50
$
3,675.00
$
4,042.5
0
4.13 0.1
$
2,25
0.00
- $
400.00
$
2,650.
00
$
2,120.00
$
3,975.00
$
2,650.00
$
2,915.0
0
4.14 0.1 - - - $
-
$
-
$
-
$
-
$
-
4.15 0.2
$
2,25
0.00
- -
$
2,250.
00
$
1,800.00
$
3,375.00
$
2,250.00
$
2,475.0
0
4.16 0.2
5
$
1,50
0.00
- -
$
1,500.
00
$
1,200.00
$
2,250.00
$
1,500.00
$
1,650.0
0
4.17 1 - - - $
-
$
-
$
-
$
-
$
-
4.18 1 - - - $
-
$
-
$
-
$
-

6
PROJECT MANAGEMENT
1.2 Project budget baseline
The cost beeline for the bungalow project is reflected below that helps in showcasing the
amount of money that is spent on the project on a weekly basis.
01
April
2019
08
April
2019
15
April
2019
22
April
2019
29
April
2019
06 May
2019
13 May
2019
20 May
2019
27 May
2019
03 June
2019
10 June
2019
17 June
2019
$ 0.00
$ 20,000.00
$ 40,000.00
$ 60,000.00
$ 80,000.00
$ 100,000.00
$ 120,000.00
$ 140,000.00
$ 160,000.00
$ 180,000.00
Cost baseline
Cumulative Cost
Figure 1: Cost baseline
(Source: Created by Author)
1.3 Tools and techniques that are used for cost management plan with justification
The tools and techniques that are mainly used in order to manage the cost of the
Bungalow project are elaborated below:
Tools: It is found that Microsoft project software tool is utilized for the cost management
plan. With the help of this tool, one can be able to determine the essential tasks, end and start
date of the project as well as helps in allocating the required materials and resource in order to
calculate the cost of the project (Tonchia, 2018). For creating the cost management plan, the
budget for each phase of the project is reflected in the schedule.

7
PROJECT MANAGEMENT
Technique: It is found that for managing the cost of the project, bottom up estimation
technique is mainly utilized. The main reason of using the bottom up approach is that the people
who are mainly associated with the project can actively work within the project by making
proper project plan as well as decisions quite collaboratively (Smith, 2016). This estimation
technique is quite accurate and it further helps in improving the communication of the project
team by proper building the team. In addition to this, it helps in empowering the project team and
thus motivate them for accomplish the project goals.
2. Quality management planning
The quality management plan that is developed for the Bungalow project will generally
need to properly establish the project activities, processes as well as various procedures in order
to ensure that proper quality of the materials are generally utilized within the project. Moreover,
the quality management plan that is developed is helpful in ensuring the quality that is planned,
by defining how the entire quality is managed (Kerzner & Kerzner, 2017). In addition to this,
the quality management plan is helpful in controlling the quality activities and helps in defining
the acceptable quality standards within the project
2.1 Quality management approach
The quality management approach that is utilized within the project of Bungalow mainly
helps in ensuring that the quality of the project in planned. In order to achieve success, the
bungalow project will generally meet all the quality based objectives of the project by properly
using the integrated quality approach for properly defining the quality standards in order to
improve the project quality (Ingason, 2015). The project team will work collaboratively with the
quality analyst group in order to check the quality of the materials that are being used in the
project for maintaining proper quality standards.

8
PROJECT MANAGEMENT
2.2 Quality requirements
The materials that are utilized for the construction of the bungalow project needs to be
checked with the help of quality analyst group for making sure that proper quality of materials
are generally utilized within the project. Proper quality of the materials will further be helpful in
maintain the quality standards which needs to be documented as well as aligned with the
organizational procedures.
2.3 Quality assurance
In order to analyze whether the materials that are used for the construction of the
bungalow project needs to be properly tested in order to assure that the materials follow proper
quality standards of the project. It is found that the project utilizes iterative procedure including
the measurement process metrics, analysis of process data as well as proper improvement of the
procedure (Hornstein, 2015). The table below reflects on different quality assurance metrics for
the Bungalow project.
Process action Acceptable process
standards
Process phase Assessment interval
6-36 Fibre loose tube
cable
>300 N/M^2
Tensile strength
Field testing Utilized cable in the
building
Cement Strength, heath of
hydration
Autoclave Test This quality of
cement must be used
in the project

9
PROJECT MANAGEMENT
2.4 Quality control
The quality of the Bungalow project mainly focuses on the various standards as well as
acceptable performance. It is identified that the quality based performance standards of the
project are mainly in accordance with the quality performance of the project (Carithers et al.,
2015). It is found that in order to control the quality of the project, the performance as well as
quality standards that are used by the organization are generally reflected in the below table:
Product Physical standards Quality assessment
techniques
Assessment interval
Sand Fine aggregate,
Deleterious Materials
Testing the quality Before using it
within the
construction of the
project.
Cement Strength of the
cement
ASTM C 349 Before using it in the
construction phase
Bricks Brick moulding,
Flexure strength
<10 kg/cm2.
Testing Before using it within
the construction of
the project.
2.5 Quality control measurements
It is found that the materials that are used by the project are measured and it is found that
they generally fall within the established tolerances as well as standards. The blog that is
provided below is generally utilized by the project for maintain the quality (Ceptureanu et al.,
2017). The steps that are taken for measuring the quality of the project is maintained with the
help of the document that is provided below:

10
PROJECT MANAGEMENT
Quality control log
Item
measured
Required
value
Actual
value
Acceptable Recommendation Date
resolved
Bricks <10 kg/cm2. >11
kg/cm2.
No Proper quality of
bricks must be
supplied by the
project suppliers
for constructing
the bungalow
project
08-15-2019
Cement >300 N/M^2 <250
N/M^2
No It is found that
proper testing
must be
undertaken for
making sure that
the utilized
cement have
proper tensile
strength.
10-15-2019
2.6 Sponsor acceptance
Approved by the project sponsor

11
PROJECT MANAGEMENT
<Project sponsor>
Date:
Conclusion
From the entire project, it can be concluded that proper cost as well as quality planning is
quite necessary for undertaking the entire project quite successfully. It is found that with the help
of three-point estimation method, the budget of the project is generally calculated. Moreover, the
paper also focuses the quality control metrics that are very much needed for maintaining the
quality of the project quite effectively.

12
PROJECT MANAGEMENT
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PROJECT MANAGEMENT
Educational Training for Complex Projects. In International Conference on
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Appendix
Project Gantt Chart