Control Cycle

The control cycle is generally implemented according to the cycle given below. A matter that attracts the attention of the people concerned most in the control cycle, is forecasting the numerical values at the time of completion. The numerical values at the time of completion are forecast first by analyzing the present status and then forecasting what this will mean in terms of status at completion. In case of budget overrun, causes should be analyzed The amount in excess of the budget should be kept at a minimum, and a plan of corrective (preventive) measures to produce a surplus of the budget (underrun) is proposed. The effects of the measures that have been taken are monitored. The foregoing tasks are the most important work of the person in charge of cost management.

The cycle of the tasks of cost control (cost control cycle) is given in Table 4-5-19.

Table 4-5-19: Cost control cycle

Miura Comments : All progress management should be change to " Progress Control" .above. Forecast of the outputs on completion above right side should be " Forecast of the estimate at completion"

Table 4-5-19: Cost control cycle

Miura Comments : All progress management should be change to " Progress Control" .above. Forecast of the outputs on completion above right side should be " Forecast of the estimate at completion"

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