Project Cost Management includes the processes for planning, estimating, budgeting, and controlling the project costs. You don’t need to worry about this, though, obviously, if we provide consulting or auditing services for any client we take on this responsibility inherently as we manage the project.
During the quotation or tender stage we put a lot of effort into defining the scope and resources required to complete the works, by doing so, we:
- Develop an estimation of the costs of resources needed to complete the project activities.
- Aggregating the estimated costs of individual activities, similar tasks or work packages to establish a cost baseline (such as establishing set rates for particular building types or sizes).
- Through our risk management processes, we attempt to identify any factors that could result in cost variances and identify strategies for controlling any changes to reduce the impact on the project costs. By doing so, we can provide a sound and accurate fee proposal.
Read about the other considerations that we include in a typical MAA Access Audit Project Plan.