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project delivery The process by which a building project is delivered to its owner may be divided into the following three phases, referred to as the project delivery phases. Although there is usually some overlap between adjacent phases, they generally follow this order: • PREDESIGN PHASE During the predesign phase (also called the planning phase), the project is defined in terms of its function, purpose, scope, size, and economics. This is the most crucial of the five phases, and is almost always managed by the owner and the owner’s team. The success or failure of the project may depend on how well this phase is defined, detailed, and managed. Obviously, the clearer the project’s definition, the easier it is to proceed to the subsequent phases. • DESIGN PHASE. The design phase begins after the selection of the architect. Because the architect may have limited capabilities for handling the broad range of building-design activities, several different, more specialized consultants are u

The important divisions namely; cost ascertainment, cost presentation, and cost control are covered through cost accounting. The cost presentation serves as a link between ascertainment and cost control. The management of every organization is interested in the maximization of the profits through minimization of wastages, losses and ultimately cost. Under the circumstances mentioned above, frequent reports on all functional areas of the business to achieve these objectives are to be submitted to the management at frequent intervals. different types of reports Register now for   Free  and Get  Study Materials  and Examination Guidance Click here to Register The most commonly used management information reports are budgets, revenue statements, costs reports, statistical information, cash flow statement, fund flow statement, and report consisting of the details regarding capital expenditure. Budgets quantify the intentions of the management in financial figures. Detailed budgets are prepa