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  2. 1:5:200 - Wikipedia

    en.wikipedia.org/wiki/1:5:200

    In the construction industry, the 1:5:200 rule (or 1:5:200 ratio) is a rule of thumb that states that: . If the initial construction costs of a building is 1, then its maintenance and operating costs over the years is 5, and the business operating costs (salary of people working in that building) is 200.

  3. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    In project management, project cost management is a major functional division. Cost estimating is one of three activities performed in project cost management. [3] In cost engineering, cost estimation is a basic activity. A cost engineering reference book has chapters on capital investment cost estimation and operating cost estimation.

  4. Construction management - Wikipedia

    en.wikipedia.org/wiki/Construction_management

    In the US, the Construction Management Association of America (CMAA) states the most common responsibilities of a Construction Manager fall into the following 7 categories: Project Management Planning, Cost Management, Time Management, Quality Management, Contract Administration, Safety Management, and CM Professional Practice. CM professional ...

  5. Total cost management - Wikipedia

    en.wikipedia.org/wiki/Total_Cost_Management

    In 2006, AACE published their Total Cost Management Framework – An Integrated Methodology for Portfolio, Program and Project Management. [2] In this tested and proven methodology, portfolios of assets are optimized through the use of portfolios of projects, using project management as a delivery system, to support and enhance large, strategic or operational programs [3] in support of the ...

  6. Cost engineering - Wikipedia

    en.wikipedia.org/wiki/Cost_engineering

    Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]

  7. Journal of Construction Engineering & Management - Wikipedia

    en.wikipedia.org/wiki/Journal_of_Construction...

    The Journal of Construction Engineering and Management is a monthly peer-reviewed scientific journal published by the American Society of Civil Engineers covering construction material handling, equipment, production planning, scheduling, estimating, labor productivity, contract administration, and construction management.

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