Cost Control in Construction: Direct, Indirect, Variable, Fixed Cost, how they impact your project

In this video (Lecture 9A in the series) Tom Stephenson reviews the different type of costs that are tracked in a construction project. What to look for and the impact of how you set up your tracking system to monitor costs. An example of cash flow with different types of costs is illustrated using Microsoft Project. This video also describes what impact crashing and accelerating a project have on both direct and indirect costs. Review your projects carefully before deciding that it is too expensive to accelerate or crash the project, things are not always as they appear. Subscribe to see the full list videos in this series. Below are some other videos in the course. New ones are added week to week.

• Lecture 1A    • Lecture 1A Cost Control for Construct...  
• Lecture 1B    • Lecture 1B Cost Control for Construct...  
• Lecture 2A    • Lecture 2A Cost Control for Construct...  
• Lecture 2B    • Lecture 2B Cost Control, Principles o...  
• Lecture 3A    • Lecture 3A Cost Control for Construct...  
• Lecture 3B    • Lecture 3B Cost Control  
• Lecture 4A    • Lecture 4A Cost Control, How To Save ...  
• Lecture 4B    • Lecture 4B Cost Control  
• Lecture 5A    • Lecture 5A Cost Control Methods  
• Lecture 5B    • Lecture 5B Cost Control Lean Intro  
• Lecture 6A    • Project Change Orders, Measure Once C...  
• Lecture 6C    • Cost Control and Construction Change ...  
• Lecture 6B    • Cost Control: Construction Change Ord...  
• Lecture 8A    • Lecture 8A Cost Control, Measuring an...  
• Lecture 8B    • Lecture 8B Ever wonder how successful...