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Title: Benefits and Drawbacks of Comparative Cost Planning
Description: Comparative cost planning begins with the presumption that preliminary feasibility studies and cost advice have already determined the general layout and arrangement of the building in light of its total estimated or prescribed cost limit and then moves on to examine what could be described as a market of alternatives that are available to the designer concerning each part of the building, and which are both feasible and acceptable to him.
Description: Comparative cost planning begins with the presumption that preliminary feasibility studies and cost advice have already determined the general layout and arrangement of the building in light of its total estimated or prescribed cost limit and then moves on to examine what could be described as a market of alternatives that are available to the designer concerning each part of the building, and which are both feasible and acceptable to him.
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ACCT 301: Cost Planning
Archiverr Resource Center
Accounting Practice Essay
Benefits and Drawbacks of Comparative Cost Planning
Comparative cost planning begins with the presumption that preliminary
feasibility studies and cost advice have already determined the general layout and
arrangement of the building in light of its total estimated or prescribed cost limit
and then moves on to examine what could be described as a market of
alternatives that are available to the designer concerning each part of the
building, and which are both feasible and acceptable to him
...
When evaluating
potential design options, it is important to consider all of the knock-on
consequences that a choice will have on other areas of the structure, particularly
those related to that area
...
After he has made up his mind
about his design choices, he proceeds to develop those decisions, and the cost
plan will only need to be modified if he decides to deviate from those options
...
It is less concerned with trying to exert piecemeal
control over the design regarding goals for certain areas of the work and more
concerned with analyzing the relative merits of several alternatives within the
context of the whole
...
This affords the architect the opportunity, within the
parameters of his cost terms of reference, to interpret his design in a manner that
makes the most efficient use of the available funds
...
The Benefits of Using a Comparative System
The comparison system makes an effort to demonstrate to the architect
the cost implications of their current actions and the alternatives available to
them
...
Costs are also shown per square meter of gross floor area to facilitate
comparisons
...
This makes it easy for everyone to
grasp
...
Because of this, it will be much easier to
make those little adjustments without worrying about the units
...
Since this aspect is not considered, there is the potential
for a significant issue
...
The procedure might be drawn out and take a significant
amount of time
...
The two approaches each have their own set of benefits and drawbacks
...
Also, the
Comparative System has several flaws; for instance, the architect will have to
make some highly hazardous judgments at a very early level in the process, which
might be problematic
...
(November 2018)
...
Retrieved from
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"Advantages & Disadvantages of Cost Benefit Analysis | Small
Business - Chron
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" Small Business - Chron
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chron
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2019, https://smallbusiness
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com/advantages-disadvantages-costbenefit-analysis-10676
...
"Comparative Advantage: Definition and Benefits | Indeed
...
" Indeed Career
Guide, www
...
com, 21 Aug
...
indeed
...
Title: Benefits and Drawbacks of Comparative Cost Planning
Description: Comparative cost planning begins with the presumption that preliminary feasibility studies and cost advice have already determined the general layout and arrangement of the building in light of its total estimated or prescribed cost limit and then moves on to examine what could be described as a market of alternatives that are available to the designer concerning each part of the building, and which are both feasible and acceptable to him.
Description: Comparative cost planning begins with the presumption that preliminary feasibility studies and cost advice have already determined the general layout and arrangement of the building in light of its total estimated or prescribed cost limit and then moves on to examine what could be described as a market of alternatives that are available to the designer concerning each part of the building, and which are both feasible and acceptable to him.