CVE 4070

Construction EngineeringProject Budget & Cost ControlProf. Ralph V. Locurcio, PE

Career FairFlorida Institute of Technology

FALL CAREER FAIR 2007Wednesday, October 3, 2006

10:00 a.m. - 3:00 p.m.Clemente Center

OPEN ONLY TO FLORIDA TECH STUDENTS & ALUMNI

List of firms: http://www.fit.edu/career/2007CareerFair.html

Career Fair-homework Attend the Annual Career Fair that will be held in

the Clemente Center on October 3d from 1000am to 300pm.

Interview at least 3 of the employers who hire civil engineers

Turn in a summary sheet of the information you obtained (see syllabus for due date)

Give your resume & cover letter to a prospective firms you might like to work for

Career Fair-interviews Name each of the companies that you

interview and include the following in your summary as a minimum:

•What type of services do they provide?•Who are the principal clients or customers?•Do they employ civil engineers?•What types of jobs are they hiring for?•What are typical responsibilities for entry level engineers?•Do they have a development program for young engineers?•Do they use project management?•How are their project managers trained?•How are personnel evaluated? •Is a PE license required?•What benefits are provided: health, 401k, dental, vacation? •Does the employer participate in paying for these benefits?•Would you like to work for this company?

Career Fair Homework…

Notebook items to date… 1-Course Syllabus & Update(s) 2-Construction Tour Worksheet 3-Disaster Recovery Class Handout (Blackboard) 4-Career Fair Interview 5-Final Resume 6-Pyramid Study-Handout & Homework 7-Pyramid Schedule 8-Pyramid Cost Estimate 9-Construction Change Order 10-Handout on Cost Estimating 11-Test #1 12-Test #2 13-Test #3 14-Handout on Legal Issues in Construction 15-Class Notes

Project Controls

Accuracy of cost estimates

How do you eat an elephant?

One bite at a time!!!

Cost of Change

0% 50% 100% Concept Design Construction

Work Breakdown Structure (WBS)Systematically break down the total scope of work into logical, independent & manageable task elements; each with it’s own budget and schedule so that each task & budget can be tracked as work progresses.

Level I – Major Element – Building, Roadway, Bridge…Level II – Components – Sitework, Foundation, Frame…Level III – Component Tasks – Excavate, Pile, Cap…Level IV – Task Sequence – Form, Rebar, Concrete…Level V – Task/time – Shop Drawing/5, Cut & Fab/9…Level VI – Assignment – John, Jim, Jane

Work Breakdown Structure

Level 1

Level II

Level III

Level IV

Work Breakdown by Cost Account

Charging work

Work Breakdown by cost account

Costs to be tracked

Sum of all work packages

Time Phased Budget Control

Hidden Costs

Worker Productivity

Cost Monitoring… Cost categories

Labor or field forces Overhead costs Materials & supplies Support services Consultant services

Cost control chart S-Curve format Schedule of values Generally monthly plot

Performance plot

Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Schedule-$ 10 10 12 1424 36 66 88

105 111 110 115 87 76 55 34 22 13 9 2 0

Cum - S$ 10 20 32 4670 106 172 260

365 476 586 701 788 864 919 953 975 988 997 999

999

Actual - $ 12 16 18 2226 30 50 70 88 87 110 116 99 96 64 30 33 22 6 4 0

Cum - A$ 12 28 46 6894 124 174 244

332 419 529 645 744 840 904 934 967 989 995 999

999

Schedule of Values & S-CurvePlanned Monthly Payments

Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Schedule-%

1.0

1.0

1.2

1.4

2.4 3.6 6.6 7.8

10.5

10.0

10.0 9.0 8.5 7.7 4.6 4.2 3.5 2.8 2.5 1.7 0.0

Cum - S%1.0 2

3.2

4.6 7

10.6

17.2 25

35.5

45.5

55.5

64.5 73

80.7

85.3

89.5 93

95.8

98.3

100

100

Actual - % 11.6

1.8

2.2

2.6 3 5 7 8.8 8.7 11

11.6 9.9 9.6 6.4 3.1 3.3 2.3 0.6 0.5 0

Cum - A% 12.6

4.4

6.6

9.2

12.2

17.2

24.2 33

41.7

52.7

64.3

74.2

83.8

90.2

93.3

96.6

98.9

99.5

100

100

Performance PlotPercent Complete(Based on $$$$)

Progress

Payments ($000)

Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Schedule-$ 10 10 12 14 24 36 66 88 105 111 110 115 87 76 55 34 22 13 9 2 0

Cum - S$ 10 20 32 46 70 106 172 260 365 476 586 701 788 864 919 954 976 989 9981000

1000

Actual - $ 12 16 18 22 26 35 55 90 101 110 110 112 88 80 58 30 21 10 5 1 0

Cum - A$ 12 28 46 68 94 129 184 274 375 485 595 707 795 875 933 963 984 994 9991000

1000

Cum - A$/10

1.2

2.8

4.6

6.8

9.4

12.9

18.4

27.4

37.5

48.5

59.5

70.7

79.5

87.5

93.3

96.3

98.4

99.4

99.9 100 100

Schedule-%

1.0

1.0

1.2

1.4

2.4 3.6 6.6 7.8

10.5

10.0

10.0 9.0 8.5 7.7 4.6 4.2 3.5 2.8 2.5 1.7 0.0

Cum - S%1.0 2

3.2

4.6 7

10.6

17.2 25

35.5

45.5

55.5

64.5 73

80.7

85.3

89.5 93

95.8

98.3 100 100

Actual - % 11.4

1.5

1.4

2.6 3.5 5.5 9

10.1 11 11

11.6 8.8 8.8 5.8 3.1 2.7 1 0.5 0.1 0

Cum - A% 12.4

3.9 5 6 9.5 12 21 33 54 65 70

78.8 80

85.8 88 88 88 88 88 88

Performance Plot - Forecast

Progress

Payments ($000)

Month 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Schedule-$ 10 10 12 14 24 36 66 88 105 111 110 115 87 76 55 34 22 13 9 2 0

Cum - S$ 10 20 32 46 70 106 172 260 365 476 586 701 788 864 919 954 976 989 9981000

1000

Actual - $ 12 16 18 22 26 35 55 90 101 110 110 112 88 80 58 30 21 10 5 1 0

Cum - A$ 12 28 46 68 94 129 184 274 375 485 595 707 795 875 933 963 984 994 9991000

1000

Cum - A$/10

1.2

2.8

4.6

6.8

9.4

12.9

18.4

27.4

37.5

48.5

59.5

70.7

79.5

87.5

93.3

96.3

98.4

99.4

99.9 100 100

Schedule-%

1.0

1.0

1.2

1.4

2.4 3.6 6.6 7.8

10.5

10.0

10.0 9.0 8.5 7.7 4.6 4.2 3.5 2.8 2.5 1.7 0.0

Cum - S%1.0 2

3.2

4.6 7

10.6

17.2 25

35.5

45.5

55.5

64.5 73

80.7

85.3

89.5 93

95.8

98.3 100 100

Actual - % 11.4

1.5

1.4

2.6 3.5 5.5 9

10.1 11 11

11.6 8.8 8.8 5.8 3.1 2.7 1 0.5 0.1 0

Cum - A% 12.4

3.9 5 6 9.5 12 21 33 54 65 70

78.8 80

85.8 88 88 94 96 98 100

Performance Plot – With Correction

CorrectiveAction Applied