By Krishna Raju
E-book by way of Walstra, P., Walstra, Pieter, Wouters, Jan T. M., Geurts, Tom J.
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Extra info for Advanced Reinforced Concrete Design
From this follows the creation of a budget – a document detailing how much money can be dedicated to different aspects of the project, based on projected expenses and income; it is a financial road map and using the budget as a baseline, work can begin. In construction, materials costs might rise beyond the inflation accounted for in the original budget, creating a cost overrun. Conversely, a company might be able to save money on part of a project because it costs less than originally expected.
Imprecise terms such as ‘fair’ and ‘reasonable’ have been avoided. ° Legal jargon is minimised. ° The actions required from the parties are said to be defined pre° cisely, with the aim of avoiding disputes. Flow charts are provided to assist usage. ° Stimulus to good management This is stated to be the most important characteristic of the NEC. The NEC is a manual of management procedures, not just a con° tractual document. The aim is to present the Purchaser’s Project Manager with options ° for overcoming problems as they become apparent.
Transition is easier with this model. However, there are some disadvantages offered by this model: • • • Steps can’t be skipped. The process takes a great deal of time. It doesn’t matter if the proposed change is a change in the process of project planning or general operations. Adjusting to change is difficult for an organisation and its employees and using almost any model is helpful to the project manager, as it offers a guideline to follow, along with the facility to determine expected results.