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It covers the costs of new construction, reconstruction and modernization of buildings and related project-related costs; for building construction costs, DIN 18960 applies. [2]" With the new edition of DIN 276-1 of December 2008, amendment A1 of February 2008 and amendment 1 of February 2007 were incorporated into the standard. [3]
As cost estimating programs became more and more popular over the years, more advanced features, such as saving data for reuse, mass project-wide changes, and trade-specific calculations, have become available. [6] For example, programs that are designed for building construction, include libraries and program features for traditional builders.
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 ...
However, general-purpose software may be used in the same manner at a fraction of the cost of design software. [citation needed] When planning the construction phase, various project management methods are used to estimate factors such as cost, schedule and resourcing. Different software packages rely on different formulas and theories as the ...
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.
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