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HOME/.../Get your Cost Recipes Right! You are the Chef of your Construction Project

Get your Cost Recipes Right! You are the Chef of your Construction Project

George Tsolakis

, Chief ERP Architect, DANAOS Projects

1 min read

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Cost Control & Earned ValueEstimation & Bidding
Chef preparing gourmet recipe as a metaphor for construction estimating and cost baseline setup in ERP software

Construction Estimating is a complex and cumbersome process that requires the loading of resources’ costs to BoQ Code lines.

This is part of defining the Cost Baseline, your Budget.

Personally, I believe that loading your resources’ costs to BoQ Code Lines is the best and most realistic way to setup your Cost Baseline. Some will argue –including the PMBOK– that resources’ costs should be loaded to the WBS (Work Breakdown Structure Activities) activities. For Construction Projects, I feel that this is absolutely wrong!

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Industries:
Construction & Infrastructure
Topics:
Cost Control & Earned ValueEstimation & Bidding
Tags:
Cost estimating & unit rates
George Tsolakis

About the author

George Tsolakis

Chief ERP Architect, DANAOS Projects

George (Georgios) Tsolakis is Chief ERP Architect at DANAOS Projects and a subject-matter expert in construction ERP architecture, engineering economics, cost accounting and construction cost control. With more than 30 years of experience building construction-specific enterprise technology, he conceived ProjectVIEW ERP and remains its principal architect and lead developer, directing business analysis, product architecture, advisory, implementation and support for project-based…

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