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    Cost Management: In Easy Way
    Cost Management: In Easy Way
    Cost Management: In Easy Way
    Ebook30 pages23 minutes

    Cost Management: In Easy Way

    By Dr. Mohamed A. El-Reedy

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    About this ebook

    This project presents the cost management for any project from cost estimate, cost control, and cash flow management. For any project we need to understand how to manage the cost of our project in easy way and keep the cash flow under control to do not loose the control of our project.

    LanguageEnglish
    PublisherDr. Mohamed A. El-Reedy
    Release dateAug 28, 2016
    ISBN9781370214075
    Cost Management: In Easy Way
    Author

    Dr. Mohamed A. El-Reedy

    Mohamed A. El-Reedy's background in structural engineering. His main area of researches is reliability of concrete and steel structure. He has provided consulting to different engineering companies and oil and gas industries in Egypt and to international companies as the International Egyptian Oil Company (IEOC) and British Petroleum (BP). Moreover, he provides different concrete and steel structure design package for residential buildings, warehouses and telecommunication towers and electrical projects with WorleyParsons Egypt. He has participated in Liquified Natural Gas (LNG) and Natural Gas Liquid (NGL) projects with international engineering firms. Curently, Dr. El-Reedy is responsible for reliability, Inspection and maintenance strategy for onshore concrete structures and offshore steel structure platforms. He has performed these tasks for hundred structures in Gulf of Suez in the red sea.Dr. El-Reedy has consulted with and trained executives at many organizations, including the Arabian American Oil Compnay (ARAMCO), bp, Apachi, Abu Dhabi Marine Operating Company (ADMA), the Abu Dhabi National Oil Company and King Saudi's Interior ministry, Qatar Telecom, EGPC , (SAPIC) , the Kuwait Petroleum Corporation, and Qatar petrochemical Company (QAPCO). He has taught technical courses about repair and maintenance for reinforced concrete structures and the advanced materials in concrete industry worldwide , especially in the Middle East, malaysia and singapore.Dr. El-Reedy has written numerous publications and presented many papers at local and international conferences sponsored by the ASCE, CSCE, ACI, API and in technical committe for OMAE conference sponsor by ASME.He has published many research papers in international technical journals and has authored four books about total quality management, quality management and quality assurance, economic management for engineering projects, and repair and protection of reinforced concrete structures. He received his bachelor's degree from Cairo University in 1990, his master's degree in 1995, and his Ph.D from Cairo University in 2000.

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    • 5/5
      Great summarized information related to the cost management function.in a project.

    Book preview

    Cost Management - Dr. Mohamed A. El-Reedy

    Cost Management: In Easy Way

    Dr. Mohamed A. El-Reedy

    Consultant Engineer &International Instructor

    Content

    1. Introduction

    2. Cost Types

    3. Economic Analysis of Project Cost

    4. Cash Flow Calculation

    Preface

    The cost management is very important task for any project. I try to explain the cost estimate and cost control in easy and practical way to be more helpful.

    If you need any more data very specific, do not hesitate to contact me.

    Dr. Mohamed A. El-Reedy

    [email protected]

    www.elreedyman.com

    1. Introduction

    The preceding books elaborated the significance and discusses the best practices for planning the management of resources available to complete a project. The second key block of information on which the project manager must have a firm handle is project costs. The main goal for the project manager is to manage these costs. The discussion which follows, concerning the costs of a project as a whole from a decision-making point of view, will bring out the many other subjects touched by cost management decisions.

    A cost estimate is the main target data to obtain at the outset of any project. It enables management team to define a project budget.

    During the project’s execution, cost control management methods are applied to control and follow up progress of the project.

    Usually, cost estimates are calculated and verified in more than one phase of the project. In the initial studies phase, which is called the appraisal phase, costs are calculated according to relatively simplified principles, with the regions and boundaries of right and wrong widely set. The accuracy of cost estimate calculations increases as the project progresses. Possibilities of increasing, the actual cost more than the estimated cost of the project decreases with time, until the end of the project has been reached and 100% of costs have been issued.

    To ensure the best chance of

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