Question

Develop a Data Flow Diagram (DFD), Context Diagram and Level 1-2-3 for Cost Management System in Construction Site .

Answer 1

The flow chart for cost management system in construction site-

1- Resource planning

2- Cost estimating

3- Cost budgeting

4- Cost control

Resource planning- It refers to the first step when you are constructing any building. The resource planning refers to planning beforhand about the construction activity and about the items that are needed to construct any building such as-

-Products and materials.

-Construction plant, tools and equipment.

-Human resources.

-Space and facilities.

-Finance.

Cost estimation- Cost evaluating is the act of determining the expense of finishing a venture with a characterized scope. It is the essential component of undertaking cost the board, an information zone that includes arranging, observing, and controlling a venture's fiscal expenses.

Cost budgeting- A financial limit is an announcement of the measure of cash that is accessible to invest over a time of energy, or on a particular construction project for example a structure. It might incorporate a diagram plan for how that cash will be spent, and a breakdown of the things it will be spent on. Appraisal of anticipated pay and costs through the term of the undertaking, Assessment of the assets accessible at construction site.

Cost control- cost invades by giving rules to assessments and conjectures of work, material, and overhead expenses. The motivation behind a cost control plan is to help guarantee the task is conveyed on schedule, inside degree, and on spending plan. Cost revealing is normally founded on components, for example, future incomes, foreseen last expenses, and current venture costs at construction sites.