Prepare schedules for project expenditure

Reference no: EM132639064

CPCCBC5002 Monitor costing systems on medium risecomplex building and construction projects

In this assessment you are required to demonstrate your ability to:

1. Identify and classify project costs
2. Prepare schedules for project expenditure
3. Prepare interim payment claims
4. Prepare and compare cash flow and payments using time risk and cost risk
5. Communicate with staff members

You are required to create a quick guide for your staff members to use to help them with the classification and identification of project costs

You may use whatever methods you like, including but not limited to checklists, process diagrams, step by step instructions or a combination of formats.

You want this guide to be one that can be used for any project, so it is to be generic and not tailored to a specific job:
Consider the following:
1. A how to guide for identifying costs
2. A guide for determining the correct cost centre
3. Instructions for how to conduct a risk assessment and how to interpret the outcome
4. Instructions on how to prepare interim payment claims
5. Instructions on how to prepare and compare cash flow and payments using time risk and cost risk
6. Business rules, legislative requirements, standards and codes that you expect your employees to adhere to.

In this assessment you are required to demonstrate your ability to:
1. Identify and classify project costs
2. Prepare schedules for project expenditure
3. Prepare interim payment claims
4. Prepare and compare cash flow and payments using time risk and cost risk
5. Communicate with staff members

You have decided to create a quick guide for staff members to use to help with the classification and identification of project costs.

You may use whatever methods you like, including but not limited to checklists, process diagrams, step by step instructions or a combination of formats.

Jot down some dot points on the following to help you put together the guide (this activity may be completed with a partner)

1. A how to guide for identifying costs

2. A guide for determining the correct cost centre

3. Instructions for how to conduct a risk assessment and how to interpret the outcome

4. Instructions on how to prepare interim payment claims

5. Instructions on how to prepare and compare cash flow and payments using time risk and cost risk

You want this guide to be one that can be used for any project, so it is to be generic and not tailored to a specific job

Attachment:- Practical Demonstration Project Costs.rar

Reference no: EM132639064

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