COMPARATIVE ANALYSIS OF THE MAIN METHODS OF THE CONSTRUCTION PROJECT COST CONTROL

Abstract

The article is devoted to the systematization and characteristic of the main methods of the construction projects cost control. The authors offer to the existing methods on traditional and modern ones. Traditional methods include budget regulation and the resource-and-index method, the "plan-fact" analysis as well as the reservation of funds for contingencies on the project. while modern methods include the method of mastered volume, the use of BIM-technologies and the use of automated systems (such as GRAND-Smeta, Smeta.ru, etc.). The main methods for which comparison is carried out are the "plan-fact" analysis and the method of the mastered volume. According to authors, the method of the mastered control is more expedient for the construction project cost control in modern conditions and it is capable to provide rather exact assessment of the project progress, to reveal deviations from the plan and allows to make justified management decisions in due time. At the same time, there is the range of  methods of measuring the mastered volume. The authors provide the description of these methods, their advantages and disadvantages as well as the judgment of to what type of tasks and projects each methods is applicable most of all. The results of the analysis, carried out by the authors of this article, can be useful to project managers, estimators, engineers, economists and managers, working  in the construction industry as well as to investors and customers, who need to choose and apply effective methods of the construction projects cost control.