Option #2: Managing the Construction Project Budget
Assume you are managing a construction project with a schedule as shown in the textbook’s Figure 3.5b. A budget of $24M has been assigned to it and you have distributed this budget among the project activities as follows:
|Percent of Budget Allocated (%)|
|Utilities and Site Work||0.13|
Assuming that each project activity will consume it’s budget uniformly throughout its duration, develop a cost flow diagram that shows the project budget expendable (per month) and the cumulative amounts (per month) in the form of a histogram that shows the values over time with monthly time periods.
Assuming that project funds will be allocated per the below schedule, develop a cash flow diagram that shows the total funds received and the cumulative amounts in the form of a histogram that shows the amounts received over time with monthly time periods.
|Amount of funds allocated at the beginning of period|
Once you have developed the cost and cash flow diagrams, prepare a narrative to describe the function of cost and cash-flow diagrams as well as your findings in developing the cost and cash flow diagrams for the project in a reference. To do so, please describe, at the minimum, the following:
a) How the budget is consumed over time;
b) How the funds will be allocated over time; and,
c) Whether funds are adequate to execute the project per the schedule shown in the textbook’s Figure 3.5b.
- Your paper should be 1-2 pages long, not including the required title page and reference page. Nor does the page requirement include any supplemental pages, should you use them, such as appendices.
- Prepare your work using at least one of this week’s recommended readings and one outside (not a reading from this course) reference. This outside reference should be a peer-reviewed, current scholarly article published in the last five years. The CSU Global Library is a good place to find these resources. Properly organize your writing and include an introduction, headings / subheadings for the body of your work, and a conclusion.
- Format your entire paper according to the CSU Global Writing Center (Links to an external site.).
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