Project Managment

Cost Management Plan

Yogama CONSTRUCTION

1726 Ashai Dr.

Chicago, IL 60067

February 2, 2014

Table of Contents

Introduction 2

Cost Management Approach 2

Measuring Project Costs 2

Reporting Format 2

Cost Change Control Process 3

Project Budget 3

Introduction

The objective of this project is to add a Man Cave to a house. I will add a 2,500 sq. ft. Man Cave onto a 10,000 sq. ft. four bedroom home. I will be employing a Project Manager for the next six months to monitor cost and production of this Man Cave Add-on. During the next six months, there will be monthly mandatory progression meetings that will be held to make sure that the project is remaining on schedule and within the budget allotted. The project will be monitored additionally until up to my specific standards.

Cost Management Approach

The objective is to add a 1,500-sq. ft., Man Cave. The project is project is to be completed within six months at a cost either at or below $400,000. The permits and codes were outlined and approved by Yogama Constructions on January 2, 2014. The additional foundations for the man cave add on will be laid on January 31, 2014. Insulation, electrical wiring and plumbing and all the mechanical inspections passed on the January 24, 2014. Production is scheduled to begin on February 2, 2014.

Measuring Project Costs

The local building codes and permits were presented to the city so that additions can be put on the house. All windows and doors must pass NFRC class 40 energy ratings and codes. The exterior wall insulation must meet “R” factor of 21. The ceiling insulation must meet and “R” factor of 38. The floor insulation must meet and “R” factor of 25. The structure must pass stability codes.

Reporting Format

The Cost Management will be reported in detail, to the project sponsor during monthly progression meetings. The monthly progression meeting will include a detailed summary of all cost...