Time-Phased Project Work And Project Cost Control

Stepwise project work is the basis of project cost management. The working package period is used for the development of the project network. In addition, the time segment budget of the work package can establish financial indicators for each phase of the project as planned. The time series budget is the actual necessary funds of the simulated budget and is used for cost control of the project. This information is useful for estimating cash expenditure. The focus of the project manager is when the cost occurs, when the budget costs are acquired, and when the actual cost is achieved.

Monitoring and management - When the project is run by the project team, the project manager monitors and manages the project's time, cost, scope, quality, risk, and other factors. Monitoring and management is also an ongoing process to ensure that projects meet the objectives of each project goal. Project Schedule Management: The project schedule is defined initially based on the project's working hours, project milestones, and the final project deadline. Whether the project team is available throughout the project is documented and planned accordingly. The project manager works with the project team to determine project tasks and estimates for the task period, and creates a timeline for the project.

At the implementation phase, the construction project management plan will begin to function. Normally, this phase is divided into two main processes: execution and monitoring. The project team confirms that necessary tasks are being executed. At the same time, progress is monitored and changes are made accordingly. In fact, the project manager spends most of the time on the monitoring steps, redirects the task based on the information he got and continues to manage the project.