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Project Cost &
Schedule
Management
ZIYAD BIN HASAN (11091)
MUHAMMAD MOHSIN (10506)
Introduction
• Who are We?
Importance of project from
organization perspective ?
 Reputation Building
 Showcasing Expertise
 Competitive Advantage
 Business Growth
 Learning and Development:
MS Office Work Sheet
Resource Overview
Project Initiation Phase:
 Define project objectives, scope, and deliverables. Identify key stakeholders and establish
communication channels.
Design and Planning Phase:
 Develop detailed design plans based on client requirements.
 Create a project schedule outlining tasks, milestones, and dependencies.
Material Procurement Phase:
 Source and procure high-quality materials and finishes.
Construction Phase:
 Begin renovation work according to the approved design plan.
Electrical and Plumbing Phase:
 Engage certified professionals for electrical and plumbing installations.
Interior Decor Phase:
 Carry out paintwork, wallpaper installation, and floor coverings.
Finalization Phase:
 Perform quality checks on all completed work.
 Conduct a final walkthrough with the client for approval.
Project Closure Phase:
 Hand over the renovated home to the client.
 Evaluate project performance and gather feedback.
Continue…
Cost
Quality Standards
1. Design and Planning:
Develop a detailed design plan that meets the client's requirements and preferences.
2. Materials and Finishes:
Use high-quality materials and finishes that are durable, long-lasting, and aesthetically pleasing.
3. Construction and Installation:
Employ skilled and experienced contractors who specialize in home renovations.
4. Workmanship
Maintain high standards of workmanship throughout the renovation process.
Elec
Quality Standards
5. Electrical and Plumbing:
Ensure that all electrical and plumbing work is carried out by certified professionals
6. Aesthetics and Interior Decor:
Pay attention to detail in interior decoration, including paintwork, wallpapers, and floor coverings.
7. Project Management and Communication:
Assign a dedicated project manager to oversee the renovation process and ensure smooth coordination.
8. Cleanliness and Safety:
Maintain a clean and organized work environment throughout the renovation process.
Risks
Financial management
 To manage the budgeting and cost for this project in order to minimize daily loss and maintain break even point.
Staff Management
 Staff hiring process, salaries and management can be a big issue as demands would rise.
Stock Management
 Availability and assurance of stock in market for use of daily weekly and monthly basis is an important aspect.
Project Closeout
 Final Inspection and Sign-Off:
Conduct a comprehensive final inspection of the renovated home
 Handover of Documentation:
Provide the client with all necessary project documentation
 Financial Closure:
Reconciling project expenses and ensuring adherence to the allocated budget
 Lessons Learned:
 Conduct a project review to identify lessons learned and areas for improvement.
Thank You…

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Project Cost and Scheduling Management.pptx

  • 1. Project Cost & Schedule Management ZIYAD BIN HASAN (11091) MUHAMMAD MOHSIN (10506)
  • 3. Importance of project from organization perspective ?  Reputation Building  Showcasing Expertise  Competitive Advantage  Business Growth  Learning and Development:
  • 6. Project Initiation Phase:  Define project objectives, scope, and deliverables. Identify key stakeholders and establish communication channels. Design and Planning Phase:  Develop detailed design plans based on client requirements.  Create a project schedule outlining tasks, milestones, and dependencies. Material Procurement Phase:  Source and procure high-quality materials and finishes.
  • 7. Construction Phase:  Begin renovation work according to the approved design plan. Electrical and Plumbing Phase:  Engage certified professionals for electrical and plumbing installations. Interior Decor Phase:  Carry out paintwork, wallpaper installation, and floor coverings.
  • 8. Finalization Phase:  Perform quality checks on all completed work.  Conduct a final walkthrough with the client for approval. Project Closure Phase:  Hand over the renovated home to the client.  Evaluate project performance and gather feedback.
  • 10. Cost
  • 11. Quality Standards 1. Design and Planning: Develop a detailed design plan that meets the client's requirements and preferences. 2. Materials and Finishes: Use high-quality materials and finishes that are durable, long-lasting, and aesthetically pleasing. 3. Construction and Installation: Employ skilled and experienced contractors who specialize in home renovations. 4. Workmanship Maintain high standards of workmanship throughout the renovation process. Elec
  • 12. Quality Standards 5. Electrical and Plumbing: Ensure that all electrical and plumbing work is carried out by certified professionals 6. Aesthetics and Interior Decor: Pay attention to detail in interior decoration, including paintwork, wallpapers, and floor coverings. 7. Project Management and Communication: Assign a dedicated project manager to oversee the renovation process and ensure smooth coordination. 8. Cleanliness and Safety: Maintain a clean and organized work environment throughout the renovation process.
  • 13. Risks Financial management  To manage the budgeting and cost for this project in order to minimize daily loss and maintain break even point. Staff Management  Staff hiring process, salaries and management can be a big issue as demands would rise. Stock Management  Availability and assurance of stock in market for use of daily weekly and monthly basis is an important aspect.
  • 14. Project Closeout  Final Inspection and Sign-Off: Conduct a comprehensive final inspection of the renovated home  Handover of Documentation: Provide the client with all necessary project documentation  Financial Closure: Reconciling project expenses and ensuring adherence to the allocated budget  Lessons Learned:  Conduct a project review to identify lessons learned and areas for improvement.
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