Approaches to Project Scheduling and Cost Management on Real Life Projects

Task Sets

This assignment comprises 3 tasks as shown in the following sections.You are required to complete all parts of the assignment as detailed.

Carry out budgeting, cash flow analysis and forecasting for a real life project.

This assignment requires you to leverage your fact-finding and communication skills to research and report on the approaches taken by industry practitioners in carrying out the scheduling and cost management functions on real life projects. Preparing report will require you to do the following:

1- Find a practitioner in medium - or large-size construction firm who will be willing to take you through the approaches they use in carrying out the specified tasks for this assignment. You should be talking to a construction project manager/planner or a quantity surveyor/cost manager about one real construction project.

2- Record the lessons you receive from the practitioner and later convert these into a report. The focus should be on the key tasks listed below.

3-Obtain samples of the documents the practitioner used as illustrations. you could also ask the practitioner to block out any revealing details about the project such as the client or the contractor.

As the outcome of your consultation with a project manager/ project planner/ quantity surveyor/ cost manager, you are required to submit a report on the industry approach to project planning, budgeting, scheduling, estimating, monthly cash flow analysis/ forecasting, cost-budget reconciliation, cost control and reporting, tracking and control of project completion time for one completed real life project in NZ. Make sure all requested information/documents are available for selected project. Your report should be focused on the following aspects (which are also detailed in the attached Marking Scheme):

You need to introduce project in one page with a table of below information:

Required Information: Project Type (residential/ commercial/…any type but renovation project) + location (region) + Gross Floor Area (GFA-m2) + Number of stories + Contract type + Project team roles and responsibilities.sh date with resources and budget assigned if it is available) + monthly payment sheet + project monthly report.