ASSIGNMENT 2 PRESENTATION – Group 5 JIAJING DING ROSS HINES CONG LI JORDAN MULLER DAVID TIKODUADUA UDESH WITHANAGE

2. PART1 - Definitions of Cost Modelling 2.01 : Evidence of reading

2.02 Key concepts & themes  Basic definition of cost modelling  “The symbolic representation a system, expressing the content that system in terms of the factors which influence its costs”. (Ferry et al., 1997)  “A procedure developed to reflect, by means of derived processes, adequately acceptable output for an established series of input data”. (Seeley, 1996)  “Techniques used for forecasting the estimated cost of a proposed construction project”. (Ashworth, 2010)

 Key concepts of Cost Modelling  Cost Planning  Cost Control  Cost Management 2.02 Key concepts & themes

(Kirkham, 2007) Definition of Cost Planning

2.02 Key concepts & themes (Ashworth & Hogg, 2007) Definition of Cost Control

2.02 Key concepts & themes  Definition of Design Cost Management  The process of design cost control or cost planning as previously explained is “design cost management”, the meaning of each individual word being:  Design : the process of producing the required model of a building.  Cost : the amount of money that the client expects to hand over to a builder, usually during and on completion of the building.  Management : the responsibility for ensuring that the functions of planning, control and feedback are successfully brought about in terms of design, cost, time and quality. (Jaggar et al., 2002 )

2.02 Key concepts & themes (Jaggar et al., 2002 ) Design cost management concept map

3. PART 2 - Cost Modeling approaches to Green Building 3.01 Definition of Green building (Governor’s Green Government Council, n.d.)

3.01Definition of Green building New Zealand Green Council

3.02 Green impacts on cost modelling practice & procedure

3.03 Comparison of Cost modelling  Standard cost modelling provides a guidance on cost for procedure and activity on construction, it take basic information relating to resources, such as labour, plant and raw materials and transform these data into useful information on costs for construction. Similarly green cost modelling has the same affect on costs, however, it’s focused on energy saving and using environmental friendly material for sustainability and long life-cost-cycle. So initial cost might be higher compare to standard cost modelling (alternative solution is possible), but it provides a long term energy cost saving.

4.01 APA referencing

Reference list example

“ ” THANKS