Time and Cost Management in Building Construction
Added on 2021-04-24
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Running head: TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONTime and Cost Management in Building ConstructionName of the StudentName of the UniversityAuthor’s noteTable of Contents
1TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONAssignment 2..............................................................................................................................1Project Objectives..................................................................................................................1Project Deliverables...............................................................................................................3Technical Requirements for the Project.................................................................................6Project Boundaries.................................................................................................................9Limits and Exclusions..........................................................................................................10Reviews with Customers......................................................................................................11Assumptions and Constraints...............................................................................................12Project Plan..........................................................................................................................13Project Milestones................................................................................................................18Work Break down Structure.................................................................................................19References................................................................................................................................21
2TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONAssignment 2Project ObjectivesADCO Constructions plans to construct a building in Australia. ADCO Constructionshire a project management team who will assist to construct the building ethically andefficiently. The Project Manager and his team will prepare the project plan. ADCOConstructions and the associated stakeholders will perform the project activities according tothe project plan. The primary objective of this project is to prepare a project plan. i. The construction project planning must identify all the project activities that are required tocomplete the project successfully. The project plan arranges the project activities insequential order. The project plan also shows the dependencies that mean which activity isdependent on which activity. The project plan demonstrates the start time and the finish timeof every project activities. Thus every detail of the project can be known from the projectplan.ii. The project plan must define the construction methods associated with all the projectactivities well. The tools and the techniques must be ready all the time so that theconstruction methods can be carried out anytime.iii. The project plan must define the entire budget of the project. Thus the cost of everyactivity can be known from the project plan. The electric equipment, hardware equipment andcan be high and out of range. Proper budget scheduling can assist in cost management. Thusthe stakeholders may have to purchase the machinery parts at the relatively high price, butthey can optimise the overall budget.iv. The project planning must include the procurement planning for the materials. The projectplan prepares a list of resources. They can get to know the resources which have not been
3TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONused for a longer period. The resources which have not been used for a longer period may getdegraded. The money spent on the resources will be wasted.v. The construction work must be carried out efficiently. Therefore, they need to hire andappoint best employees or workers for the project. The workers must have the expertise towork efficiently and must finish the work without any delay. The cost of operation can getreduced by appointing skilled workers for the project.vi. The construction project plan must prepare graphs, bars and charts. All these drawingshelp to analyse the project activities very clearly. The ongoing project activities can beviewed and analysed well.vii. The project plan must conduct the financial plan for the entire project. The project mayrequire extra funds to carry out the project activities. They can know the funds or the moneyrequired to conduct the project activities pretty early with the help of the project plan. In thisway, they can optimise the budget of everyactivity and the entire project. viii. The project plan must manage the timeline of the project. The project plan also includesthe slack time. From the slack time, it can be calculated that a particular activity can beextended to a certain period.Project DeliverablesThe project manager and his team are responsible for handing over the buildingconstructing project to the client. The project deliverables contain the list of project activitiesthat will be conducted sequentially. The client can get to know the project activities that theyare going to get. In this the case, the client can get to every work activities associated withbuilding construction (Sansakorn & An, 2015). They can know in details the budget for everyactivity of the project. The client can get to know that for which activity how much money isgoing to be spent. If the client approves and is willing to pay, the project manager and his
4TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONteam can work on the project. The client and can review the deliverables. In this case, theclient can view the scope of the construction department and the schedule of values. The rawmaterials used for the project can be viewed (Muhwezi, Acai & Otim, 2014). The client canknow the raw materials used for constructing the building. The client can know the twoimportant aspects of the project that is the time and the cost. The client can review thecontract plans. They can view the contract plans made for the project. The contract plansinclude the sales agreement, construction agreement, contract specifications for the buildingand the contract site plan for erecting the building (Jung et al., 2018). The entire contract planwill require about seven weeks to get completed, and the total budget for the project will bearound 25 thousand dollars. The documentation review of the project contains the finalisingplans, finalising specifications for the building, preparation and entire construction design ofthe building (Cao et al., 2015). The documentation review will get completed within 8 weeks.The bids and contracts for the project contain the copies of plans, receiving bids and detailreview of bids. The bids and contracts also include the sub-contractor agreements, lot-stakeout scheduling. The bids and contract must meet the requirements for the sediment controlinspection. The bids and contracts for the project will take about thirty-one weeks tocomplete (Enshassi, Ayash & Mohamed, 2018). It will require about 84 thousand dollars tocomplete the bids and contracts and receive the permission.Foundation includes the digging footings and installation of reinforcing. It includesseveral tasks like the inspection of footings, pin footings, pour footings. The builders will putthe building blocks. The masons will construct the building using sand, stock, block andmortar (Mancini et al., 2017). After that, the builders will build the waterproofing and thedraining tile. The waterproofing tiles and the drain tiles will be builtafter that. In this way,the structure of the building will be constructed.
5TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONLater on, they will build deck frame for the first floor of the building. Later on, thefirst floor of the building will be constructed (Akomah & Jackson, 2016). The builders willdesign the deck frame for the second floor after the entire complete budget for the project willbe an ion of the first floor. Next, they will build wall floor of the building as well. Afterfinishing work, the basement will be framed. The entire foundation will take around 40 weeks(Kerosuo et al., 2015). The budget of the foundation will be around 74 thousand dollars. Thedoors and windows will be installed after that preparing the basement of the building.After the basic foundation is done, the concrete slab will be installed. The builder willinstall the basement slab of the building. At first, the basement slab is prepared after that theslab will be treated with termite (Tezel et al., 2017). The pest controller is responsible for thetermite treatment. The civil engineer, the construction subcontractor and the project managerare responsible for inspecting the slabs of them in details. The concrete slab installation willtake about 5 weeks and total cost allocated for the foundation After concrete slab installation, the mechanical subcontractor will setup HVAC andwill form the layout. He will design the layout the will measure the HVAC for theconstruction (Marzouk & El-Rasas, 2014). The HVAC setup will require about 2 weeks andthe budget required to conduct the project is 15 hundred dollars.The plumber will then set up the plumbing rough-ins and inspection of rough-ins. Hewill inspect the plumbing rough-ins (Mohd Nawi et al., 2018). The plumbing rough-ins willrequire about 2 weeks, and it will require a budget of about 12 hundred dollars.The electric rough-in will be set up by the electric boxes. The electrician isresponsible for setting up the electric rough-in and the electric rough-wire. The telephonelines and an alarm signal will be set up by the mechanical subcontractor (Belay, Tekeste &Ambo et al., 2017). This simple setup will take about 1 week, and it will require about 2
6TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONthousand dollars. Builder and mason will work on roofing paper, implementation of roofshingles. The roofing will take about 2 weeks’ time and the builder and mason,and it willrequire a budget of about 4 thousand dollars. The hardware subcontractor and the builder willinspect the BGE Energy, will install the ceramic tiles (Victoria, Perera & Davies, 2016). Theconstruction subcontractor will install hardware in the bathrooms and will install mirrors. Thecleaning staff will take the responsibility to clean the building windows. They will conductthe rough cleaning. All these tasks will need about 5 weeks’ time, and it will take around 4thousand dollars. Finally, the project will be handed over to the client. The entire project will takearound 90 weeks to complete. The estimated project cost is around $250,000. The client willhave to approve the deliverables (Fung, 2015). If he is satisfied with the deliverables, he willapprove the project deadline and the project budget. The project manager and his team startworking on the construction project based on the deliverables confirmation from client’s end.Technical Requirements for the ProjectMinister of Public Works sets the technical requirements provisions. All thementioned technical requirements for the project must be according to the local zoning planof Australia. The technical requirements of the construction area depend on the followingfactors- building structure, the things which are related to building design, security, comfort,ability and safety (Hyari, El-Mashaleh & Rababeh, 2015). There are several policies andregulations which maintains the provisions of the technical requirements of the buildingconstruction are as follows- Space
7TIME AND COST MANAGEMENT IN BUILDING CONSTRUCTIONThe spaces used for the day-to-day activities will have a direct as well as indirectcontact with the air (Kibert, 2016). The spaces will have a direct or indirect impact on naturallighting in sufficient quantities.A building structure, Building components and the Building materialsThe Building strata must be well planned and must be built along with the buildingstructure and the construction components. The construction materials that have been plannedto use in for erecting the building must meet the construction requirements (Odimabo,Oduoza & Suresh, 2017). The requirements must comply with the building standards. Strata Title CompletenessThe new building must be provided with the clean water system, gas networks. Theconstruction must be in made in such a way such that the building or the construction areamust have proper water drainage system. The construction area must have the properwastewater drainage system as well (Yılmaz & Kanıt, 2018). The building must have well-built channels and landfills. The building must have the proper channels installed andlandfills. The construction area must have telephone networks installed. The builders mustbuild communication equipment in the building. The building also must have proper transportfacility installed. The building must have stairs, escalators and the elevators. Also, thebuilding must have facilities like laundry space (Hu et al., 2016). The builders must keep inmind the safety measures of the building that is why they need to implement lightning rods,alarm system and the tight smoke doors. The project manager and the constructiondepartment must ensure the safety of the building that is why they must install fireextinguishers and smoke-tight doors. The buildings also must have the electric generators.Strata Title Units
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