Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Cost Management: In Easy Way
    Cost Management: In Easy Way
    Cost Management: In Easy Way
    Ebook30 pages23 minutes

    Cost Management: In Easy Way

    By Dr. Mohamed A. El-Reedy

    5/5

    ()

    Read preview

    About this ebook

    This project presents the cost management for any project from cost estimate, cost control, and cash flow management. For any project we need to understand how to manage the cost of our project in easy way and keep the cash flow under control to do not loose the control of our project.

    LanguageEnglish
    PublisherDr. Mohamed A. El-Reedy
    Release dateAug 28, 2016
    ISBN9781370214075
    Cost Management: In Easy Way
    Author

    Dr. Mohamed A. El-Reedy

    Mohamed A. El-Reedy's background in structural engineering. His main area of researches is reliability of concrete and steel structure. He has provided consulting to different engineering companies and oil and gas industries in Egypt and to international companies as the International Egyptian Oil Company (IEOC) and British Petroleum (BP). Moreover, he provides different concrete and steel structure design package for residential buildings, warehouses and telecommunication towers and electrical projects with WorleyParsons Egypt. He has participated in Liquified Natural Gas (LNG) and Natural Gas Liquid (NGL) projects with international engineering firms. Curently, Dr. El-Reedy is responsible for reliability, Inspection and maintenance strategy for onshore concrete structures and offshore steel structure platforms. He has performed these tasks for hundred structures in Gulf of Suez in the red sea.Dr. El-Reedy has consulted with and trained executives at many organizations, including the Arabian American Oil Compnay (ARAMCO), bp, Apachi, Abu Dhabi Marine Operating Company (ADMA), the Abu Dhabi National Oil Company and King Saudi's Interior ministry, Qatar Telecom, EGPC , (SAPIC) , the Kuwait Petroleum Corporation, and Qatar petrochemical Company (QAPCO). He has taught technical courses about repair and maintenance for reinforced concrete structures and the advanced materials in concrete industry worldwide , especially in the Middle East, malaysia and singapore.Dr. El-Reedy has written numerous publications and presented many papers at local and international conferences sponsored by the ASCE, CSCE, ACI, API and in technical committe for OMAE conference sponsor by ASME.He has published many research papers in international technical journals and has authored four books about total quality management, quality management and quality assurance, economic management for engineering projects, and repair and protection of reinforced concrete structures. He received his bachelor's degree from Cairo University in 1990, his master's degree in 1995, and his Ph.D from Cairo University in 2000.

    Read more from Dr. Mohamed A. El Reedy

    Related to Cost Management

    Related ebooks

    Budgeting For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      21 Essential Tips For Managing Your Own Project

      Jan 30, 2020

      An obvious but overlooked point — when building you should try to use the best resources to realise your scheme. That includes choosing where to make your own contribution. If you are not the best person to manage other people, perhaps consider using

      6 min read

    • Article

      How Much Will A Builder Cost?

      Feb 2, 2023

      How Much Will A Builder Cost?
      4 min read

    • Article

      FINANCE Calculating Fees – Part Two Working Out The Appropriate Fees To Charge Clients

      May 24, 2022

      When it comes to making decisions on which projects to accept, working out the appropriate fee isn’t the only consideration. There are a few other factors that will help determine whether a practice should accept a commission or not. Architects are t

      5 min read

    • Article

      How To Builda House

      Jun 1, 2023

      How To Builda House
      6 min read

    • Article

      Restoring The Role Of Architects: A System For The Implementation Of Design Intentions

      Sep 1, 2020

      The design of a building and participation in the construction process to realize that vision are the universal tasks faced by all architects. However, in Korea, a Design-Supervision Separating System has long excluded architects from the stage of re

      6 min read

    • Article

      8 Things A QS Can Bring To Your Project

      Oct 7, 2021

      Most people have at least heard the job title ‘quantity surveyor’ (QS), but far fewer have a strong grasp on what they do. Put simply, they are construction industry professionals with expert knowledge on costs and contracts. They can provide overall

      4 min read

    • Article

      Cost-effective Build: The Key

      Jul 30, 2020

      Good foundations form both the figurative and literal basis of any successful and cost-effective new structure. The importance of getting your foundations right cannot be overstated, and it is often this aspect of a build that imposes the highest lev

      2 min read

    • Article

      A Better Design Process

      Oct 31, 2019

      The building development process, from a structural engineering perspective, starts with understanding the client’s drivers, budget, and what they want out of their structure, from a performance and aesthetic perspective. Unfortunately, it is all too

      2 min read

    • Article

      The Art Of Reducing Development Costs

      Feb 2, 2024

      For a property developer, cutting down costs is critical to keep the project feasible and maintain a healthy profit margin. Cutting costs, however, should not equate to cutting corners that can result in critical errors that can delay or halt the pro

      2 min read

    • Article

      A Better Design Process

      Nov 28, 2019

      The building development process, from a structural engineering perspective, starts with understanding the client’s drivers, budget, and what they want out of their structure, from a performance and aesthetic perspective. Unfortunately, it is all too

      2 min read

    • Article

      The Fine Print

      Jan 18, 2023

      The Fine Print
      6 min read

    • Article

      Question 2: Is a Dam That Is in a Green Building Certification System Working Properly?

      Nov 1, 2021

      According to ‘The 2020 Global Status Report for Buildings and Construction’ by the Global Alliance for Buildings and Construction (GlobalABC), building-related emissions account for 38% of the total carbon emissions, of which 28% are emitted during t

      6 min read

    • Article

      5 Reasons You Need A QS

      May 4, 2023

      A QS should be involved from the earliest design stage. They will have access to the Building Cost Information Service (BCIS) of the Royal Institution of Chartered Surveyors (RICS) to be able to provide the client with a very early but data-backed co

      2 min read

    • Article

      How To Build a House

      Jul 6, 2023

      How To Build a House
      5 min read

    • Article

      Getting Refits Right

      Aug 29, 2019

      Getting Refits Right
      4 min read

    • Article

      From Peter Maddison

      Jan 16, 2019

      in nearly every project covered on GDA and undertaken in my practice, the build phase is where your preparation (or lack thereof) comes home to roost. There are hundreds of hands needed to make a home, all with different skill sets and agendas. A con

      3 min read

    • Article

      How To Build An Extension

      Apr 2, 2024

      Before work even begins on building an extension, there are lots of decisions and details that you will need to pin down. Starting a project off on the right foot will help pave the way for a successful build. You do, after all, want to transform you

      4 min read

    • Article

      How To Get Building Regs Approval

      Sep 26, 2019

      Securing planning consent for your new home doesn’t mean you’re clear to start building — you’ll also need to satisfy the requirements of Building Regulations first. The Building Regs are largely objective, so compliance is generally straightforward

      6 min read

    • Article

      Managing Trades And The Site

      Dec 23, 2020

      Managing Trades And The Site
      4 min read

    • Article

      The Benefits Of An Open Book Approach

      Jul 26, 2023

      Streamlining the project management process to simplify and de-risk the process for all involved is the ideal outcome for any developer in the construction space. To optimise the construction timeline and to ensure the process is transparent and usin

      2 min read

    • Article

      The Hidden Costs Of An Extension

      Sep 7, 2023

      The Hidden Costs Of An Extension
      7 min read

    • Article

      Shell-only Contracts

      Aug 26, 2021

      A shell-only contract sees a contractor engaged to construct the shell of the house – usually the drainage, foundations and main structure – to a water and weathertight stage under one contract. This involves handing over the management and risk for

      2 min read

    • Article

      How To Avoid The Wrong Builder For Your Project

      May 4, 2023

      Finding the right builder for your job is never that easy — especially if you’re starting a new search for the first time. As I have mentioned many times in this magazine, a good relationship with your builder is absolutely vital in delivering a succ

      4 min read

    • Article

      Self-build for beginners PART NINE CHOOSING A BUILD ROUTE

      Mar 7, 2024

      Most self-builders agonise about how they’re going to get their new home built — worrying that costs will spiral, or they’ll regret choosing a bad builder. This article explains the options available and how to make sure your preferred build route su

      7 min read

    • Article

      NAVIGATING THE Rough Terrain

      Oct 11, 2023

      NAVIGATING THE Rough Terrain
      4 min read

    Related categories

    Reviews for Cost Management

    5/5

    2 ratings1 review

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      Great summarized information related to the cost management function.in a project.

    Book preview

    Cost Management - Dr. Mohamed A. El-Reedy

    Cost Management: In Easy Way

    Dr. Mohamed A. El-Reedy

    Consultant Engineer &International Instructor

    Content

    1. Introduction

    2. Cost Types

    3. Economic Analysis of Project Cost

    4. Cash Flow Calculation

    Preface

    The cost management is very important task for any project. I try to explain the cost estimate and cost control in easy and practical way to be more helpful.

    If you need any more data very specific, do not hesitate to contact me.

    Dr. Mohamed A. El-Reedy

    elreedyma@elreedyman.com

    www.elreedyman.com

    1. Introduction

    The preceding books elaborated the significance and discusses the best practices for planning the management of resources available to complete a project. The second key block of information on which the project manager must have a firm handle is project costs. The main goal for the project manager is to manage these costs. The discussion which follows, concerning the costs of a project as a whole from a decision-making point of view, will bring out the many other subjects touched by cost management decisions.

    A cost estimate is the main target data to obtain at the outset of any project. It enables management team to define a project budget.

    During the project’s execution, cost control management methods are applied to control and follow up progress of the project.

    Usually, cost estimates are calculated and verified in more than one phase of the project. In the initial studies phase, which is called the appraisal phase, costs are calculated according to relatively simplified principles, with the regions and boundaries of right and wrong widely set. The accuracy of cost estimate calculations increases as the project progresses. Possibilities of increasing, the actual cost more than the estimated cost of the project decreases with time, until the end of the project has been reached and 100% of costs have been issued.

    To ensure the best chance of

    Enjoying the preview?
    Page 1 of 1