Optimise contract progress and control costs
Overview
This standard is about optimising contract progress and controlling contract costs by developing systems to monitor and record progress and costs to identify, agree and implement corrective actions in accordance with current organisational requirements which are equal to or exceed current statutory and legislative requirements
This standard is for people working in the occupational area of construction contracting operations management and can be used by operatives, supervisors and managers
Performance criteria
You must be able to:
Optimise contract progress P1 identify and agree systems to monitor and record contract progress P2 review and optimise use of resources P3 identify and investigate any deviations from contract progress P4 inform decision makers about the results of the investigation and propose possible corrective actions P5 implement agreed corrective actions P6 identify further improvements from feedback received and recommend them to decision makers
Control contract costs
P7 identify and agree cost recording and control systems that can provide early warning of potential issues P8 analyse data collected on resource usage and costs, presenting it in a format that will assist decision makers P9 identify variations and trends in resource usage and cost data
P10 investigate variations and trends in resource usage and cost data
P11 identify and agree corrective actions with decision makers and implement them
Knowledge and Understanding
You need to know and understand:
Optimise contract progress Performance Criteria 1 K1 how and why to identify and agree systems to monitor and record contract progress
Performance Criteria 2
K2 how and why to review and optimise use of resources
Performance Criteria 3
K3 how to identify any deviations from contract progress
K4 how and why to investigate any deviations from contract progress
Performance Criteria 4
K5 how and why to inform decision makers about the results of the investigation
K6 how to identify relevant corrective actions
Performance Criteria 5
K7 how and why to implement agreed corrective actions
Performance Criteria 6 K8 how and why to identify further improvements from feedback received
K9 how and why to recommend identified improvements to decision makers Control contract costs Performance Criteria 7 K10 how and why to identify and agree cost recording and control systems that can provide early warning of potential issues K11 how cost recording and control systems can be used to provide early warning of potential issues Performance Criteria 8 K12 how and why to analyse data collected on resource usage and costs, presenting it in a format that will assist decision makers Performance Criteria 9 K13 how and why to identify variations and trends in resource usage and cost data
Performance Criteria 10
K14 how and why to investigate variations and trends in resource usage and cost data Monitor and control supply chain arrangements Performance Criteria 11 K15 how to identify relevant corrective actions K16 how and why to agree and implement corrective actions with decision makers