Aiming to bridge the gap between the quantitative viewpoint of management science and the practical, day-to-day needs of project cost management, this text offers coverage of an integrated cost management programme. It presents the use of method study techniques to increase the effectiveness of procedures and improve the productivity of resources, emphasizing a systematic approach to cost control.

Bridging the gap between the quantitative viewpoint of management science and the practical, day-to-day needs of project cost management, this well-balanced reference/text offers comprehensive coverage of an integrated cost management program. Emphasizing a systematic approach to cost control, Cost Management of Capital Projects presents the use of method study techniques to increase the effectiveness of procedures and improve the productivity of resources...addresses risk management...describes the planning phase of capital projects and demonstrates how scheduling and cost estimating are used to monitor performance...pinpoints methods to identify misleading information that may enter the system...defines productivity and production...outlines a system that measures performance against predetermined standards...explains how to control performance...and much more. Written by an acknowledged expert in both the industrial and academic aspects of the discipline, Cost Management of Capital Projects is an indispensable reference for cost engineers; and engineering, construction, and project managers; as well as an incomparable text for all upper-level undergraduate, graduate, and continuing-education students in business and engineering.