Reference no: EM132639149
CPCCBC5002 Monitor costing systems on medium rise complex building and construction projects
The purpose of this assessment is for the candidate you to demonstrate their your knowledge of advanced estimating and costing systems used in the building and construction industry including expenditure evaluation methods, financial principles and cash flows, project financial processes and timelines and relevant licensing arrangements, standards, codes of practice and legislation for medium rise construction projects and variations in rates occurring through rise and fall clauses and their effects.
Questions
1. a) List at least six (6) building and construction costs that may need to be calculated by your staff(in no more than 100 words)
1. Labour hour cost
2. Material cost
3. Design Cost
4. Paid Leave
5. Mobile Toilet Rental
a)6. Other equipment rental cost
b) Where should your staff gather the data for these calculations.calculations?(in approximately 50 words)
2. How do you supervise staff to ensure they are making accurate cost estimates from project schedules?(in approximately 50 words)
3. a) What is meant by "definitive cost estimate" and "work breakdown structure"? (in no more than 100 words)
b) Why is this definitive estimate important?(in no more than 100 words)
4. Identify the cost centres engaged in your business(in approximately 50 words)
5. How do you incorporate these centres into the planned project cost network?(in approximately 50 words)
6. What are the steps you take when performing a risk assessment on project costs?(in no more than 100 words)
7. How do you ensure that you are remaining compliant with relevant codes, legislative requirements and standards when planning project costs?(in approximately 50 words)
8. What are the critical points that should be included in a schedule of project expenditure?(in approximately 50 words)
9. How does your business prepare and produce expenditure schedules?(in approximately 50 words)
10. Give some examples of the critical or key financial phases from a recent project you have supervised or been involved in:(in approximately 50 words)
11. What is a projected S curve, and how is it prepared? (in no more than 100 words)
12. What is the process for preparing interim payment claims and rise and fall calculations for contractors/subcontractors in your business?(in approximately 50 words)
13. a) How is cash flow projected in your business? (in approximately 50 words)
b) What factors create cash flow for your business?(in approximately 50 words)
14. a) Identify and explain the types of cash flow forecast you might employ in your business: (in no more than 100 words
b) What are the core elements of a project cash flow forecast? (in approximately 50 words)
c) How do you utilise these cash flow forecasts?(in approximately 50 words)
15. What monitoring and reporting should be undertaken to ensure that expenditure is controlled?(in approximately 50 words)
16. What cost variations (other than rise and fall) need to be investigated and controlled to retain compliance with the contract? ( in approximately 100 words)
17. What data is included in a final cost report?(in approximately 50 words)
18. What is the purpose of the final cost report?(in approximately 50 words)
19. Why is it important to compare budget costs to actual costs?(in approximately 50 words)
20. What is your process for monitoring and supervising staff who work on costing for medium rise projects?(in approximately 50 words)
21. Looking at the table below, calculate what the "Over or Under Cost" is.
|
Factor
|
Budgeted Cost
|
Estimated Total Cost
|
Cost Committed
|
Cost Exposure
|
Cost To Date
|
Over or (Under)
|
|
Labour
Material
Subcontracts
Equipment
Other
Total
|
99,406
88,499
198,458
37,543
72,693
496,509
|
102,342
88,499
196,323
37,543
81,432
506,139
|
49,596
42,506
83,352
23,623
49,356
248,433
|
---
45,993
97,832
---
---
143,825
|
52,746
---
15,139
13,920
32,076
113,881
|
|
22. Looking at the following examples of labour choices, describe the strengths and weaknesses of each of these employment options in terms of cost and risk?(in approximately 50 words for each example)
Type Strength Weakness / Risks
Full time
Part Time
Casual
Apprentice
23. Identify and list three relevant standards, codes of practice and legislation for medium rise construction projects(in approximately 50 words)
24. Explain the builder's licensing arrangements for your region(in approximately 50 words)
25. Identify and list some advanced estimating, expenditure and costing systems used in the building and construction industry that are used in your business: (in approximately 50 words)
26. What are some financial principles that apply to the costing of projects in your business?(in approximately 50 words)
27. Identify, list and explain two variations in rates that may occur through rise and fall clauses and their effect on contract price(in approximately 50 words)
28. a) Identify and list four key components to good communication (in no more than 100 words)
b) How do you tailor your conversations to meet the needs of people from other cultures?(in approximately 50 words)
29. How do you determine and increase the effectiveness of your estimates and schedules when comparing to actuals? (in no more than 100 words)
30. How do you revise the schedules of payments and cash flows to match contract performance and efficiency?(in approximately 50 words)
Attachment:- Assessment Knowledge.rar