Discuss how the financial success of a project can be improved by cost planning and how the project team can impact where preventive or corrective measures are required.

COST PLANNING

Investigate the criteria of what determines the success of a project. You may use a hypothetical project or one of your own choice or one which has been discussed in lectures to assist your discussion. In describing the success of the project discuss the role of the cost manager or the QS (Quantity Surveyor) and discuss why Cost Planning is recommended for all building projects. Discuss how the financial success of a project can be improved by cost planning and how the project team can impact where preventive or corrective measures are required.