Lecture 24 - 1 CVEN 349: Civil Engineering CVEN 349: Civil...

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Unformatted text preview: 1 CVEN 349: Civil Engineering CVEN 349: Civil Engineering Project Management Project Management LECTURE # 24 Fall 2009 Dr. Ivan Damnjanovic Topics 1 of 3 Topics 1 of 3 ¡ Construction Management Principles ¡ Introduction to Project Development ¡ Project Delivery Methods ¡ Feasibility Analysis ¡ Project Cash Flow ¡ Introduction to Risk Analysis & Decision Tree Halpin’s Definition Halpin’s Definition “Construction management addresses how the resources available to the manager can best be applied.” Emphasis: Applying resources to achieve a goal 4Ms : Manpower; Machines; Materials; Money 2 Project Development Project Development HA Fig 2-1 Major Types of Construction Contracts Major Types of Construction Contracts Three major types of contracts: ¡ Stipulated-sum contracts, also know as: ¡ Single-fixed price, or ¡ Lump-sum ¡ Unit price contracts ¡ Negotiated contracts Project Delivery Methods Project Delivery Methods ¡ Design-Bid-Build Method (DBB) ¡ Design-Build Method (DB (DB) ¡ Construction Project Management “Project delivery method is the comprehensive process of assigning the contractual responsibility for designing and constructing a project” (AGC) 3 Time Time-value of Money value of Money ¡ All Projects involve a cash stream of some sort. ¡ It is usually a combination of both income and expenses. ¡ If the net is positive the project “made money”; otherwise, it “lost money.” ¡ One way to sort out project alternatives is through engineering economy....
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This note was uploaded on 05/28/2010 for the course CVEN 349 taught by Professor Damjanovic during the Fall '09 term at Texas A&M.

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Lecture 24 - 1 CVEN 349: Civil Engineering CVEN 349: Civil...

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