Cost reporting on major programmes

Cost always receives a high level of interest and, on major publicly-funded programmes, it can quickly become subject to public scrutiny given considerations of scheduling and budget.

This section focuses on cost reporting in terms of its general principles, initially defining what ‘cost’ and ‘value’ really are. It then covers a series of core issues related to the practical application of cost forecasting, also providing a worked example of cost performance reporting.

In the final parts, practical considerations are highlighted around project stakeholders, BIM, software and other issues. A glossary of terms is also included, as are a series of generic templates.

This section is maintained by Sudersan Vassen of Volmar Construction Inc.

Template: Cost report

isurv section: Cost management and planning

RICS journal article: Improving cost-reporting through interactive data visualisation tools