Cost Control in Construction: Direct, Indirect, Variable, Fixed Cost, how they impact your project

In this video (Lecture 9A in the series) Tom Stephenson reviews the different type of costs that are tracked in a construction project. What to look for and the impact of how you set up your tracking system to monitor costs. An example of cash flow with different types of costs is illustrated using Microsoft Project. This video also describes what impact crashing and accelerating a project have on both direct and indirect costs. Review your projects carefully before deciding that it is too expensive to accelerate or crash the project, things are not always as they appear. Subscribe to see the full list videos in this series. Below are some other videos in the course. New ones are added week to week.

[AHMADFATEH-ug]

Tom, thank you for your total honest work. you are not leaving any hole possible in your presentation of the subject matter if i was to score you by honest work i can give you 110 % . i am in the business and was involved in the whole spectrum of the business including oil and gas industry and i know what i am talking about. thanks for sharing your valuable knowledge. god loves those who benefit others and you are one them. Thanks again