PART A: MANAGING PROJECT COST [50 MARKS]

Consider the case study: NOC Project in Dilemma: Plight of Schedule Control of an Overseas EPC Project, to answer the following questions: Considering the number of issues that CBMI experienced with the execution of the NOC project, your company has delegated you to the project site to assist Mr. Gao to recover the project schedule and to deliver the project within 18 months as planned.

You are tasked to conduct the lessons learned to address the following:

(a) Review the cost management plan for the NOC project. (10)

(b) Evaluate the factors that can contribute to cost overruns for the NOC project and provide mitigations. (20)

(c) Develop a cash flow structure applicable for cash projections for the duration of the NOC project by taking into consideration various cost elements and their interrelations. (10)

(d) Evaluate the cost impact of quality, and health & safety of the NOC project. (10