Project cost management and the process of cost control in construction projects

In this video, you will learn the process of cost management in construction project, how to create cost baseline, S curve and cash flow. You will also learn what they look like in project management. The cash flow is "time phased cost" which is basically the result of loading the project BOQ on the project baseline program, however cost engineers need to understand the difference between project BOQ and project budget in order to be able to apply the earned value metrics on the cost baseline. This video covers all of that.
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Link to Cost Estimation course:
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Пікірлер: 159

  • @life-2023
    @life-20237 ай бұрын

    You are amazing Adel ! Thanks a ton !! Keep sharing your knowledge for the benefit of humanity !!

  • @friendsgroup3330
    @friendsgroup33308 ай бұрын

    Hi Mr. Adel, your videos on Cost Estimating and Cost Control (Cost, price, PV, EV, actual cost etc.) are superb. Today, I had an interview and it became very good after I went through your 4-5 videos in the last 2 days. Thank you and God bless you. I am in Romania.

  • @bourezahkarim3172
    @bourezahkarim3172 Жыл бұрын

    The least we can do for you Ahmed is to say THANK YOU!! Thank you very much sir.

  • @waleedmoustafa2215
    @waleedmoustafa22157 ай бұрын

    شرحك ممتاز، يعطيك العافية باشمهندس ❤

  • @jimmyaustria4019
    @jimmyaustria4019 Жыл бұрын

    Great Job, simple and Clear. Thank you ..

  • @adam_xidig2196
    @adam_xidig21962 жыл бұрын

    I was very disappointed for a poor Boq I prepared before two weeks and this explanation is what i needed to improve into next level thanks sir really helpfull and in the right time to understand very well from you

  • @abdallahelhajj9527
    @abdallahelhajj9527 Жыл бұрын

    I have watched this video twice.. Really thank you brother for these informations and if I had money I would love to purchase your courses.

  • @Absadumar
    @Absadumar2 жыл бұрын

    This is very educative, thank you very much.

  • @azeemziyan9129
    @azeemziyan91296 ай бұрын

    Perfect in explaining the content... Well done

  • @rabi.mywork
    @rabi.mywork2 ай бұрын

    Alhamdulillah for this video... Thank you very much.... You're a blessing to my new learning Mr. Adel

  • @siby1002004
    @siby10020046 ай бұрын

    Hi Mr Adel, Thank you somuch for such a great teaching...

  • @kato_emmanuel
    @kato_emmanuel2 жыл бұрын

    Weldone sir, so insightful and informative. I keep learning a new concept each day i visit the channel

  • @zeeshan-wz3vv
    @zeeshan-wz3vv11 ай бұрын

    Very nice professor ❤ Impressive explanation Great job

  • @fihamahamed1276
    @fihamahamed12766 ай бұрын

    Best KZread channel ever 🎉❤❤❤

  • @avbless5846
    @avbless58469 ай бұрын

    awesome, thanks 4 sharing your knowledge. great demonstration

  • @JaisonJohnjasienjohn
    @JaisonJohnjasienjohn2 жыл бұрын

    Thank you very much for the best simple and practical explanation. Thanks for your effort.

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you Jaison and appreciate your valued time watching. All the best.

  • @romeledangal6640
    @romeledangal6640 Жыл бұрын

    Very clear and informative ..thanks 👍 👍 👍 👍

  • @tariqaziz6643
    @tariqaziz66432 жыл бұрын

    what an amazing video , thanks Ahmad Adil

  • @javvaadagha4897
    @javvaadagha48973 жыл бұрын

    Credible explanation with practical diligence, good job.

  • @CEPQS

    @CEPQS

    3 жыл бұрын

    Thanks Javvaad, much appreciated brother.

  • @vanadjei9698
    @vanadjei96982 жыл бұрын

    This is super. In fact u r a genius Ahmed cos I'm not not QS but the depth of knowledge acquired from this to my Acc is fully packed. Thanks for taking me to the higher level

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thanks Van for your time watching and your kind support 🙏🙂. Much appreciated 👍

  • @benchalk3579
    @benchalk35797 ай бұрын

    Thank you for your amazing videos and explanations

  • @bobbyshett8318
    @bobbyshett8318 Жыл бұрын

    I stayed spell-bound for the entire 47mins of the video without getting bored. You did not actually shouted and I did not get any headache. Your concept and delivery is excellent!!! I could see a perfect marriage between theory and field experience. I am looking forward to seeing the FCPI and how it will further consolidate on the overall cost control report. I have inboxed you for the template. Thank you and keep the good work.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks Bobby for this elaborated feedback. Such support is enough reason to carry on and keep producing content. Much appreciate your valuable watch time and support 🙏👍. Regarding sharing the files, I’m still in search of effective and easy mechanism. Once done I’ll share all the templates of the channel videos. Thank you.

  • @MohamadRoushenHasair
    @MohamadRoushenHasair11 ай бұрын

    wow , best explantions , simpel and clear ❤

  • @moggyman6413
    @moggyman6413 Жыл бұрын

    Wow, wow this has helped me so much. I can't believe that you have explained this extensive information In 47 minutes and more importantly I have fully understood it. Can I please ask how do I create and format the spreadsheets showing the blue, red and yellow lines. Thank you so much

  • @wajirabandara4876
    @wajirabandara4876 Жыл бұрын

    You have an excellent teaching ability that attracts anyone who wishes to find the knowledge. I wish you all the success.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you for watching and for the kind support, and wish you all the best.

  • @mediabox1141
    @mediabox114111 ай бұрын

    Love from my bottom of heart. My seniors nevel told me like this. Iam learning all this through this channel. Insha allah iam planning to change my profession qs to planning& cost control

  • @CEPQS

    @CEPQS

    11 ай бұрын

    Thanks a lot for your kind support and I wish you all the best 🙏👍

  • @panda-xz3wx
    @panda-xz3wx5 ай бұрын

    Wow, you're video is very helpful to beginners like me who want to start my construction project management journey! Thank you very much and I hope you continue to share your knowledge!

  • @CEPQS

    @CEPQS

    5 ай бұрын

    Thanks a lot for the kinds words 🙏. I hope you enjoyed the video 🙂

  • @zainunissamohamed9252
    @zainunissamohamed92522 жыл бұрын

    Assalamu alaikum, I am from South Africa. Thank you so much for the detailed video. I have subscribed. I teach Construction Management first year students and your videos are very helpful to me and my students.

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Much appreciated 🙏👍, and thank you for your valuable trust. I wish you and your students all the best. 🙂

  • @khotsodoski8794

    @khotsodoski8794

    Жыл бұрын

    At what university. Can u please help me with a few questions I have about admission

  • @mohamedaneesabdullatheef3603
    @mohamedaneesabdullatheef36032 жыл бұрын

    Really very understandable explanation and you are teaching with very professionally. thank you brother

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you brother. Appreciate the time you spent watching the video and wish you all the best.

  • @poojav6289
    @poojav62893 жыл бұрын

    Clear understanding, thank you so much sir 😊

  • @CEPQS

    @CEPQS

    3 жыл бұрын

    Thank you pooja, Hope you enjoyed the video

  • @muhammedfaizal5180
    @muhammedfaizal5180 Жыл бұрын

    Barakallahu feek....This is awesome 👍 very detailed and explicit....

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks brother. Glad you liked it 👍

  • @newmanishiguzor3106
    @newmanishiguzor31063 ай бұрын

    Thanks for the info..

  • @njikumedwin1755
    @njikumedwin1755 Жыл бұрын

    Thank you sir, for this well prepared training materials, very useful in the industry. please for the link to enroll for the two courses.

  • @AhmedSalama-uq2il
    @AhmedSalama-uq2il3 жыл бұрын

    Great work👍👍👍👍👍

  • @gum7719
    @gum77198 ай бұрын

    very easy to learn from you habibibibii

  • @eshaojha8554
    @eshaojha8554 Жыл бұрын

    Excellent Explanation..!Thank you, Sir.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you 😊

  • @gasanageorge2005
    @gasanageorge20055 ай бұрын

    Thanks!

  • @user-qf1fw1un4e
    @user-qf1fw1un4e Жыл бұрын

    شكرا على الشرح الكافي والوافي

  • @CEPQS

    @CEPQS

    Жыл бұрын

    اشكرك على المشاهدة و الدعم

  • @benchalk3579
    @benchalk35797 ай бұрын

    You are a legend Sir

  • @Howtoexcel14
    @Howtoexcel14 Жыл бұрын

    Great work you are doing revealing all the details

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks a lot for the support

  • @user-qd1uh6jf5n
    @user-qd1uh6jf5n10 ай бұрын

    great. Thanks

  • @MrSkmeshram
    @MrSkmeshram Жыл бұрын

    Great Work, Keep it up. I love you dear. Thanks

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks a lot 🙂

  • @christianconcepcion6813
    @christianconcepcion6813 Жыл бұрын

    Amazing explanation!!!

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks for watching 🙏🙂

  • @SakthiVel-gp2vl
    @SakthiVel-gp2vl Жыл бұрын

    Very useful and easy understanding... thank you sir

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you for watching and support 🙏🙂

  • @uke_kristy_hendarto
    @uke_kristy_hendarto Жыл бұрын

    very clear, thank you, be blessed.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you 🙏 and wish you all the best 😊

  • @CuongNguyen-jj2he
    @CuongNguyen-jj2he Жыл бұрын

    Thank you for sharing, this is very interesting and helpful

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you for watching and support

  • @sachithgunathunga5866
    @sachithgunathunga58662 жыл бұрын

    Highly recommend, because I am following his courses ❤️

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    A testimonial that I’m proud of. Thank you so much and wish you all the best ❤️

  • @ronaldcirenis5296

    @ronaldcirenis5296

    2 жыл бұрын

    @@CEPQS i bought the second course, but for some reason i can't access the first one ("Quantity Surveying, Cost Estimation and BOQ Preparation) to purchase it on your web site

  • @atusaasirajoshua321
    @atusaasirajoshua321 Жыл бұрын

    its a nice one

  • @ndyamusiimaarchangel4713
    @ndyamusiimaarchangel47132 жыл бұрын

    Great.Thumbs up to you.

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you 🙏😊

  • @mohamedzoubirelkan1300
    @mohamedzoubirelkan13002 жыл бұрын

    Thanks you ,very useful information

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you 🙏🙂

  • @pragashtharantharumalingam3315
    @pragashtharantharumalingam3315 Жыл бұрын

    Very useful lesson . Best of luck

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Many many thanks. Good luck to you as well 👍

  • @vineethv1550
    @vineethv15504 ай бұрын

    Sir , your videos was great to understand,can you pls upload labour productivity chart for various work in construction

  • @mostafaelgablawy164
    @mostafaelgablawy164 Жыл бұрын

    thank you so much sir that's what I need that's too clear

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks a lot for watching and support. Wish you all the best 🙏

  • @asalemeor
    @asalemeor3 жыл бұрын

    Nice 👌

  • @caiphasmutata9837
    @caiphasmutata98379 ай бұрын

    Your video is so educational, thanks for sharing. I just have one question that I need clarity on: Why on the computation of the EV are you using the internal values? I thought only the cost part of it should be the internal value but the PV and the EV should be based on the BOQ submitted to the employer. May you kindly add more light on this? Thank you in advance.

  • @usmansaeed4850
    @usmansaeed48502 жыл бұрын

    Very well explained

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you brother ❤️

  • @relaxingstressreliefmedita8046
    @relaxingstressreliefmedita80462 жыл бұрын

    u saved me! thanks

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thanks for the support 👍, did you like the video ?

  • @moggyman6413
    @moggyman6413 Жыл бұрын

    I am trying to set up the spreadsheet above, do you have a template I could download which includes the formulas to generate the charts. I would really appreciate it, Thank you

  • @writetopardeep
    @writetopardeep Жыл бұрын

    so helpful

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Glad it was helpful!

  • @Queen34678
    @Queen34678 Жыл бұрын

    good knowledge thank a lot

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you 🙂

  • @Cryptoguy89
    @Cryptoguy892 жыл бұрын

    Keep it up your good work mate

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you brother and much appreciate your valued support. All the best and Ramadan Kareem.

  • @Cryptoguy89

    @Cryptoguy89

    2 жыл бұрын

    Deserves more views for such a quality content. You will get soon for your efforts Insha Allah. Ramadhan Kareem.

  • @murishodzic1353
    @murishodzic1353 Жыл бұрын

    "It's commendable that your team has worked hard on this project, even if it resulted in going over the estimated timeline. However, it's important to keep in mind that the cost to the client may also exceed the original estimate

  • @akarqadir
    @akarqadir3 жыл бұрын

    thanks so much ...

  • @CEPQS

    @CEPQS

    3 жыл бұрын

    Thank you bro ❤️

  • @muhammedshaatheer6574
    @muhammedshaatheer65743 жыл бұрын

    Thank You

  • @CEPQS

    @CEPQS

    3 жыл бұрын

    Thank you brother, I hope it was useful

  • @sifathsifath443
    @sifathsifath443 Жыл бұрын

    excellent 😎

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you 🙂

  • @flkmbck
    @flkmbck18 күн бұрын

    Hi, Adel. Wouldn't be more didactically correct to calculate CPI by AC/EC? Once this quotient would be how efficient I use my EV. What does the 1.41 (141%) CPI actually mean? Thank you!

  • @jublieeyes
    @jublieeyes8 ай бұрын

    Please share link of next video about project controls and estimated EV

  • @mukundviswanathan3465
    @mukundviswanathan34655 ай бұрын

    Hi Mr. Adel, I watched this detailed video 2 to 3 times, however, i feel Earned value for every month shall be based on our price (equal to our monthly invoice submitted). so that the final cumulative earned value shall be same as our contract price. please correct me if i understood wrongly.

  • @IP_8579
    @IP_8579 Жыл бұрын

    hi,really appreciate your work,my question is if it's normal to disclose a breakdown of cost as per BOQ and the margins if a client request it(or there are things we don't reveal),regards

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Depends, sometime contractors need to play with such stuff 😅

  • @markpalm672
    @markpalm672 Жыл бұрын

    Thanks a lot for your presentation. I have one question about EV. The Client has got an initial planning for costs (PV)so he can prepare accordingly his payments .What if he refuse to pay 60000 saying that he had planned to have only about 30000 available for first month? If so, then i assume the Contractor will not have the same enthusiasm to continue with high EV at the early stages of project.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thanks a lot for watching and support. The client will usually have some reserve in case the value of executed works exceeded the planned value. But generally there is a limit to what can be done in 1 month considering the constrains that can be in the schedule due to the activity relationships and available work fronts. So the earned value will most of the time match the planned value or less. Increasing resources in some cases will not always enable you to seriously push the work and reduce the duration.

  • @OmarAl93
    @OmarAl93 Жыл бұрын

    Thanks for the wonderful explanation. Could you please clarify how the Earned Value at 1st month was calculated?

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you for watching and support. EV is the total of the work done. Please refer to this video kzread.info/dash/bejne/naGNmtNpcbWrj84.html

  • @TheHamzaysm
    @TheHamzaysm Жыл бұрын

    Hi Sir, well explanation without getting bored, i have a question for you that how did you find Actual cost and Earned value, are those ur assumption amount or u found somewhere ?, kindly explain. Thank you

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Actual cost will be calculated monthly for the activities executed in each month. In this example everything is an assumption just to clarify the concept.

  • @user-hc4gv3cn6b
    @user-hc4gv3cn6b Жыл бұрын

    Thank you for this detailed video. One question I have, however, is how feasible is it to calculate the ‘earned’ value in the real word. I don’t think you spoke to how you arrived at the numbers in EV row. Could you shed some light here please ? Thank you in advance!

  • @CEPQS

    @CEPQS

    Жыл бұрын

    The earned value is calculated monthly when you prepare your payment applications 😊. So every month you know the percentage completed and the earned value. There are 2 videos on the channel on how to prepare payment application, I believe they would clarify your concern 😃

  • @willyzgambokawirima8509
    @willyzgambokawirima85092 жыл бұрын

    powerful

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you 😊

  • @alexnsia5008
    @alexnsia5008 Жыл бұрын

    Hello sir, I recently came across your videos and immediately I subscribed to your channel. You videos are amazing and interesting to watch. Please I have a personal question regarding your cost estimate course. Where is appropriate to dm you? I tried searching on you course platform but I couldn’t find and contact info. Thank you.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    You will find links to the course in the description of the videos. However better wait until the course is updated 👍

  • @dipeshsawant4628
    @dipeshsawant4628 Жыл бұрын

    Wher I got link for study

  • @humbertodiaz3137
    @humbertodiaz3137 Жыл бұрын

    Hi, very explained video, congratulations I would like to ask you, which are they courses for activities and for BOQ there is just one link, Could you share the course links?

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you for watching and support. Currently courses are being updated. Better wait until the revised courses are published and announced ☺️

  • @shehinhn4773
    @shehinhn47732 жыл бұрын

    Sir, Kindly do for infrastructure works also (like bridges, highways and tunnel)

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you for the request 👍🙏. Apologies I don’t have that experience but I’ll do my best to compile some information and make a video on that 🙂

  • @shafishan9064
    @shafishan90648 ай бұрын

    How can I join your course for cost control

  • @balogunayodeji5759
    @balogunayodeji57592 жыл бұрын

    Thanks for this insightful video sir! Can I get this template?

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thanks a lot for watching. Sure, contact me at info@costengpro.com

  • @gotlboys
    @gotlboys Жыл бұрын

    Great educational video. One question: Why the cash flow for earned value (EV) or yellow line at the end of the project completion is not equal to the total project price (i.e. $2.4M)? Thanks

  • @husseinhurayz5998

    @husseinhurayz5998

    Жыл бұрын

    B3cause the earned value wad calculated depends on planned cost, not BOQ prices ( earned value = BOQ price - margin)

  • @shadishadi5694

    @shadishadi5694

    9 ай бұрын

    ​@husseinhurayz5998 hello sir, thank you for the explanation, i have one question please, so the EV is the total work done from progress payment or we need to deduct the margins from each item, and do we need a software or we can do it by excel, thank you in advance

  • @ayushmansdiary2694
    @ayushmansdiary26947 ай бұрын

    Hi sir, can I purchase this course now?

  • @gorgiassokrates
    @gorgiassokrates Жыл бұрын

    Can i assume earned value is payment certificate amounth that we calculated each month. Thank you for your valuable lessons god bless you,

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Well, not the net payment amount, because it will include the deductions. But you can say the total work done is the earned value. For example 1,000,000 out of 2,000,000. But the 1,000,000 will be subject to retention and recovery of advance payment and deducting the previously paid as well. So maybe your net payment in the end is just 150,000 this month. But still the earned value is 1,000,000 👍. Thank you for the question and wish you all the best 🙏

  • @ahmadfareedthoufeek1133
    @ahmadfareedthoufeek1133 Жыл бұрын

    I have some questions 1) When we make budget, can we add the same cost for PS? 2) How about retentions , advance payment ,repayment of advance payment, recovery of retentions while making cash flow? 3)EV is the monthly payment from Client in our payment certificate?

  • @CEPQS

    @CEPQS

    Жыл бұрын

    1) for PS - yes without the margins 2) terms of payment have nothing to do with cash flow of the project (that is submitted to the client). You may consider these things in your internal cash flow. 3) EV is the total approved work done without any deductions

  • @CEPQS

    @CEPQS

    Жыл бұрын

    The above is my sole opinion. No references

  • @sakooo12
    @sakooo12 Жыл бұрын

    thanks for the wonderful sessions, can i please have the template that you worked on the video??

  • @CEPQS

    @CEPQS

    Жыл бұрын

    I'll arrange it for you shortly. The problem is that I don't have the template on the PC that I'm using these days.

  • @sakooo12

    @sakooo12

    Жыл бұрын

    @@CEPQS well yes please I would really appreciate if you could do that for me . And let me know please if there’s any cost is associated with it

  • @wasswaoumar7755
    @wasswaoumar7755 Жыл бұрын

    Nice video sir could please elaborate using Ms project

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Alright 🙂

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Thank you 🙏

  • @thukaramyadav7324
    @thukaramyadav73242 жыл бұрын

    how to get standard productivities for CEMM3 Codes BOQ items

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Already shared under the other comment 😊

  • @MrLou000
    @MrLou000Күн бұрын

    Do you have a internship program

  • @thukaramyadav7324
    @thukaramyadav73242 жыл бұрын

    how to calculate RATE ANALYSIS OF CESMM3 CODE WISE ITEMS COEEFICIENTS or Productivities FOR LABOUR HOURS ,MACHINARY hours etcc. (rate analysis)

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    There are several videos on the channel talking about labor and material cost estimation, I’m listing 2 of them down here, but there are more talking about the form and all of that 👍

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Labor productivity kzread.info/dash/bejne/gYyuq8pqaN3MlLA.html

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Labor cost estimation: kzread.info/dash/bejne/f2h5ubWLqpe2k5M.html

  • @asrafa8438
    @asrafa8438 Жыл бұрын

    Explain about fidic

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Ok 👍

  • @user-xj3iw2br2i
    @user-xj3iw2br2i8 ай бұрын

    Go to be a professor in the university, i think u more better than them.

  • @abdullahabdulpahtarek1291
    @abdullahabdulpahtarek1291 Жыл бұрын

    work as aquantity surveyer civil engineer in misr qs company iwiil be so grateful if any one has work to do for we are afreelancing company Thanks

  • @dipeshsawant4628
    @dipeshsawant4628 Жыл бұрын

    I need this excel file

  • @splay8844
    @splay8844 Жыл бұрын

    it was labor contract

  • @CEPQS

    @CEPQS

    Жыл бұрын

    Ok 😀

  • @arbazhodekar8007
    @arbazhodekar80072 жыл бұрын

    very nice information .Love you too Sir...!!!!!! please send your linkedIn profile

  • @CEPQS

    @CEPQS

    2 жыл бұрын

    Thank you 😊.

  • @AceCPAsBookkeeping
    @AceCPAsBookkeepingАй бұрын

    TLDR: Cost control in construction projects involves monitoring planned value, actual costs, percentage completed of budget, schedule performance index, and cost performance index to ensure the project stays within budget and on schedule. 00:00 🏗 Understand how to create a cash flow for construction projects by preparing a quantity take off and bill of quantities, estimating costs, and managing the difference between cost and price. 02:57 🏗 Cost control in construction projects involves obtaining drawings, pricing, and cost estimation activities, with contractors submitting detailed programs and cost breakdowns for approval to effectively track and control project costs. 09:32 🏗 Understanding cost control in construction projects involves scheduling activities, submitting bills based on completion, and tracking planned values and cash flow over time. 16:26 🏗 The process of cost control in construction projects involves monitoring the scheduled and cumulative value of work done over time. 19:50 🏗 Prepare project budget by removing margins from cost estimate, execute project at budgeted amount, calculate costs of works, understand budgeting, focus on planned values and cost baseline. 26:02 🏗 Planned budget for construction project was exceeded, leading to termination of project manager, as the speaker explains the concept of planned value, actual cost, and earned value management in construction projects to track and analyze project spending. 32:24 🏗 Exceeding planned costs can still be favorable if earned value is higher, reaching 100% of budgeted amount, even if actual cost is higher, and budget plan changes can result in cost underrun and finishing ahead of schedule. 36:37 🏗 Cost control in construction projects involves monitoring planned value, actual costs, percentage completed of budget, schedule performance index, and cost performance index to ensure the project stays within budget and on schedule.

  • @bamidelefestusoladimeji3358
    @bamidelefestusoladimeji3358 Жыл бұрын

    How do I get you on LinkedIn.

  • @CEPQS

    @CEPQS

    Жыл бұрын

    It is Ahmed Adel in LinkedIn