There is some confusion between the terms in Planning and Cost Control. Therefore, in this video, I will explain the main differences between Cost Control and Planning terms for Planned and Actual values. Cost Control Course: https://planningengineer.net/courses/cost-control-for-construction-projects/ Planning Basic Course: …
Live Planning Discussion where we discussed the following topics: 1- Why do you need to improve your LinkedIn Profile? 2- How can I perform cost control if I just have access to project invoices only? 3- I have selected an …
You might have heard before about the Microsoft Excel Power Query. However, have you ever used it in your daily planning tasks? In this article, I want to give you some more information about the application of power queries in …
The cost control Process is an iterative series of actions. It means, after we create the budget plan, collect the updates (Actuals) analyses and report the cost control performance, then we might need to take some corrective actions and update …
Introduction: Depreciation is defined as the decrease in the market value for any item, since we engineers and specially engineers who represent their monitor & control department have to take some decisions regarding buying or renting an equipment we have …
Cost management is the process of planning and controlling the budget of a business Cost management Terms: Value Engineering: Value engineering is a balance between cost and quality in order to achieve the desired function. Value Engineering (VE), also called: • …
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