Part 2. Costing system You will need to reflect on a medium rise construction project you have been involved in, or are currently working on (if you are not working anywhere, your trainer will give you a hypothetical project to work on), to complete this task. For this task you will be preparing a Draft Cost Schedule (Projected Cash Flow) for the next 12 months. For this task you will need to refer back to the Assessment Task 2.1, wherein you prepared a Cash Flow Schedule for the past 12 months. You will need that data in the activity that follows. You will be using this data for the comparative analysis between the previous year and the projected budgets and cash flow of the coming year. Create a draft schedule or project expenditure and submit to your Assessor. You must identify any critical points. Develop a final expenditure schedule using Microsoft Excel or other appropriate project software that is used within your organisation. Submit the final work to your Assessor. You must identify any critical financial phases. Calculate the projected rise and fall amounts relevant to the construction project. RTO: 22332 Version: 3.0 CRICOS: 03234B Page 25 of 30