How to Controll Project Quantities and Costs in the Workplace (18)

Our Additional Online Guidance Series has proven to be a boost to candidates to more effectively fast-track them through the qualification. Each course matches a unit in the Edexcel NVQ Level 6 Diploma curriculum in Construction Management and are intended for guidance only.
(The complete series and more, is included free-of-charge to all our NVQ Level 6 Registered candidates)
Series Summary

A good competent construction site manager will implement project quantity cost control systems. They do this to identify variances in quantities and costs so that any possible over spend or cost advantage is anticipated at an early stage in production.  A construction site manager is responsible for finishing the project to budget and programme, if not ahead of programme and below budget.  Being successful will endure him or herself to the client and enhance his or her future employment prospects with their current employer, after all, it is to be remembered that as construction managers, we are in the business of making a profit.

Implementing quantities and cost control is a matter of stock control, monitoring and allocating resources for specific tasks to be undertaken.  It is also a case of signing off work as completed and ensuring build success at first attempt.  Furthermore it is a case of ordering resources to programme, monitoring their arrival, storing in accordance to manufacturers recommendations and then monitoring usage against estimated usage to set production values and finally it is also  a case of monitoring all site budgets.

NVQ Additional Guidance
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The problem for management NVQ candidates is that they ‘DO’ all of the aforementioned, but identifying what part of their knowledge is applicable to each question within their NVQ so that duplication of answers and confusion is avoided is often an issue. To prove my point, please review the following typical questions found in the learning aims of this Unit: Controlling Project Quantities and Costs in the Workplace

  • List and describe the factors that determine quantities and cost data.
  • Explain how appropriate project quantities and cost control systems, which will provide early warnings of problems, can be implemented.
  • Explain methods that allows for quantities and cost data to be collected and recorded for the project and the resources used.
  • Explain how to ensure that data is passed on to the people responsible in time for them to use it.
  • Explain how to ensure that correct work values, quantities and cost data are prepared.
  • Explain methods that can ensure that accurate quantities and cost data is presented in a format which will help people responsible to make decisions.
  • Explain how to ensure that variations and trends in quantities and cost data are identified, quantified and costed
  • Give reasons why trends in cost and quantities and cost data need to be quantified.
  • Explain how to ensure that variations in cost data are investigated and explain why variations in cost data need to be investigated.
  • Explain methods and techniques of agreeing and implementing appropriate corrective actions with people responsible which will restore costs and expenditure to budget.
  • Give reasons why appropriate corrective action with the people responsible, in order to restore costs and expenditure to budget, needs to be agreed and implemented.
  • Suggest opportunities for cost savings using suitable formats to people responsible.
  • Explain how opportunities for cost savings can be identified.
  • Explain how systems and processes which will assist in the identification of opportunities for cost savings, can be developed and recommended to the people responsible.
  • Give reasons why systems and processes, which identify opportunities for cost savings, need to be developed and recommended to people responsible.
  • Describe methods that can recommend opportunities for cost savings to people responsible.

The Solution. In order to better enable the seasoned professional to complete this Unit, Controlling Project Quantities and Costs in the Workplace, Rivasure has produced a comprehensive online Audio Podcast Course.  This Unit is one of many online courses aimed at covering all of the key units contained within the Level 6 Construction Management NVQ Qualification. This series of Audio Podcast Unit Courses lays a solid foundation for each specific subject matter. Each Audio Podcast addresses each knowledge question, unpacking each one in detail and providing relevant and specific guidance.

In this Unit the learning outcomes are as follows;

  1. Implement appropriate quantities and cost control systems which are able to provide early warning of problems.
  2. Ensure that quantity and cost data is regularly collected, record it and pass it on to the appropriate people responsible in time for them to be able to use it.
  3. Ensure that work values, quantities and cost data are prepared.
  4.  Ensure that accurate quantities and cost data are prepared and presented in a format which will help the people responsible to make decisions.
  5. Ensure that variations and trends in quantities and cost data are identified, quantified and costed.
  6.  Ensure that any variations are investigated and agree and implement appropriate corrective action with people responsible.
  7. Identify opportunities for cost savings and recommend them to people responsible.

A learning outcome sets out what a candidate can expect to learn and do as a result of their learning.  This Audio Podcast mentoring series is excellent resource for NVQ candidates and management learners studying how to control project quantities and costs in the workplace


NVQ Additional Guidance
or complete Prerequiusit 'STARTER' UNIT first


Related Articles

Our Additional Online Guidance Series has proven to be a boost to candidates to more effectively fast-track them through the qualification. Each course matches a unit in the Edexcel NVQ Level 6 Diploma curriculum in Construction Management and are intended for guidance only.
(The complete series and more, is included free-of-charge to all our NVQ Level 6 Registered candidates)
Series Summary