4. Cost management
There is no more
Good cost management
means considering cost
before it is incurred
Ownership of the cost
plan rests solely with
the site manager
Any cost increase that is
NOT due to customer
change is deemed to be
unplanned.
Planned cost changes
are those due to
customer change and
considered recoverable
under the terms of the
contract.
Authorization process
for all cost increases.
5. Value management
Paid for what you do
Managing value
effectively is important
because:
1. We are in business to
make money;
2. Customers need to
manage their
budgets and
understand the
impact of change
3. Its key metric for
management
information
6. Risk & opportunity
Keep it live!
A risk strategy should
balance the appetite for
for the scheme with your
ability to manage the
risks and realise
potential opportunities.
Managing risks correctly
will provide its own
rewards
Project risk registers are
an essential tool for the
site management team
7. Programme management
Doing it right, on time
A thorough
understanding of the
contract constraints and
requirements
concerning methodology
and programme is
essential.
Communicating the
philosophy of the
programmme to the site
team and establishing
who has ownership is
paramount.
Measuring actual
productivity against
programme is essential
to maintaining your high
standards
