| ween’ Summary a-The relation between Cost, Time and quality: | The project management is briefly defined as managing tasks to be finished in the j optimum time with the minimum cost and within quality required in this project's specifications. Total Cost = Direct cost + Indirect cost Indirect cost includes Site overhead Taxes Insurance Risks Optiausn Tine Tine Net Present Value (NPV) . e SEE Arve above BP A 7Pay back periodg sia! Jig sisal Lad Gol 5 4a fads fa 5 Benefit Cost ratio (B/C) AGS 4 AWdaSiY ag 4 pL Ge SLD tee Gas Lad Gy B/C>I for successful projects c Marketing Studies d- Legal Studies 3- Design Stage including a- Architectural Drawings b- Structural Drawings c- Detailed Drawings d- Method of Construction © B.0.Q's £ Specifications 2g Cost estimating h- Time scheduling i- Risk Studies j- Tendering documents 4- Contracting including a- Bedding documents b- Contractor Selection _ & Contract agreement de Priced ROQ’s ¢- Detailed planning £- Contract si .< $- Constfaction 6 Commissioning __. 4: The basic functions of a project management process: 12ePlanhing ipa si pl ag A a dS 25,sie Weieid’ souepiarg —— mressera7ZHovay soe anode e.g woreaey ma, ces 0 ae WNG ath ot wnoig i wr "ng Burinpayog svaury WOMEN y weg —_ ‘pwe Smyauryd yoaforg soa teanyanig 2004 yp