Controlling Project Quantities and Costs in the Workplace

Unit No. QCF738 Controlling Project Quantities and
Costs in the workplace
Q1 Explain how appropriate project quantities and cost control systems which will
provide early warnings of problems (AC1.3)
Project quantities and the cost is pre planned generally for the project. Unnecessary
budget exceeding will hamper and gave a warning that some flow track has
been hampered.
Q2 Explain methods that allows for quantities and cost data to be collected and
recorded for the project and the resources used (AC2.2)
Approximate and detailed data collection is needed for the data collect
estimation.
Q3 Explain how you ensure data passed on to the people responsible in time for
them to use it (AC2.4)
The data record should be maintained properly. Then the data passing will be fare
properly.
Q4 List and describe the factors that determine quantities and cost data. (AC1.2)
Similar contracted projects, Rate of labour wages, Cost off Material, Site conditions,
Inflation factor, Project schedule, Specification Quality plans, Engineer
reputation, Insurance and regular requirement, Location all are the cause of
determine quantities and cost data.
Q5 Explain methods and techniques of agreeing and implementing appropriate
corrective actions with people responsible which will restore costs and
expenditure to budget. (AC6.4)
Proper mapping, one time design costing, bargaining with the labours, target of
completing task in a perfect time span, endless resource supply will help the
construction for restoring the cost.
Q6 Explain how to ensure that correct work values, quantities and cost data are
prepared.AC3.3)
With several expertise concern and budget cost will help to identify and ensure the
targeted cost data estimation.
Job Knowledge Questions Unit No.
QCF738