Enhancing Cost Certainty with 5D: Benefits and Requirements

May 17, 2025

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Discover how 5D creates cost certainty for owners through early cost decisions, transparency, and real-time estimates. Learn key aspects, benefits, and prerequisites for successful implementation.

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Enhancing Cost Certainty with 5D: Benefits and Requirements

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5D: Creating Cost Certainty David Mitchell Partner & 5D Quantity Surveyor Tuesday 22nd October
How Does 5D Benefit the Owner? • 5D creates cost certainty by: • Early cost decisions - more alternatives • Cost transparency - stronger negotiation capability • Real-time estimates - greater accuracy & less contingency
More alternatives & stronger negotiations Source: Mitchell Brandtman
Greater accuracy & less contingency Source: Mitchell Brandtman
What Does Successful 5D Require? • Successful 5D requires: • Leadership: wisdom • & know how • Plan: process, • behaviour & technology Source: Mitchell Brandtman

Creating Capacity and Jobs

Creating Capacity and Jobs. Session VI Creating Capacity and Jobs. Salman Ansari Advisor, ICT, Ministry of Information and Communication Pakistan. Policies Laws Enabling Regulatory Frameworks Infrastructure Telecommunications Voice Internet Video .

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Cost-Volume-Profit Analysis

Cost-Volume-Profit Analysis Chapter 3 Understand the assumptions underlying cost-volume-profit (CVP) analysis. Cost-Volume-Profit Assumptions and Terminology Cost volume profit analysis examines the behavior of total costs and operating income as changes occur

5.12k views • 43 slides

Workflow

Workflow Scenario Overview Example 1- Single Cost Assignment Example 2- Self-approval Example 3- Split Cost Assignment Example 4- Multiple Cost Assignment Example 5- Retriggering of Workflow Example 6- Requisitioner Inbox Example 1- Single Cost Assignment Single Cost Assignment

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Activity-Based Cost Systems

Activity-Based Cost Systems Chapter 4 Simple Cost Accounting Systems: Ericson Ice Cream Company Example Ericson had been the low-cost producer of chocolate and vanilla ice cream, with profit margins exceeding 20% of sales

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Relevant Cost Decisions

Relevant Cost Decisions. DECISION MAKING IN THE SHORT TERM. Decisions. A decision model is a formal method of making a choice, often involving both quantitative and qualitative analyses A relevant cost is a cost that differs between alternatives. Five-Step Decision-Making Process.

1.46k views • 51 slides

Cost Estimation

Chapter Six. Cost Estimation. Learning Objectives. Understand the strategic role of cost estimation Understand the six steps of cost estimation Apply and understand each of three cost estimation methods: the high-low method, work measurement, and regression analysis

1.88k views • 38 slides

Marketing Mix

Marketing Mix. Product, Price, Place and Promotion. Marketing Mix: Product. Challenges in creating new products idea shortage; fragmented markets social & governmental constraints; cost capital shortage; need for speed; short PLC Why new products fail overestimated demand; poor design

1.32k views • 87 slides

Cost Behavior

Cost Behavior. Cost behavior is the manner in which a cost changes as a related activity changes. Understanding the behavior of a cost depends on: Identifying the activities that cause the cost to change, called activity bases (or activity drivers ).

1.47k views • 81 slides

C hapter 8

C hapter 8. Costs of Production. Economic Principles. The character of entrepreneurship Total cost, total fixed cost, and total variable cost The law of diminishing returns. Economic Principles. Average total cost, average variable cost, average fixed cost, and marginal cost

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Managerial Accounting Chapter Two Job Costs

Managerial Accounting Chapter Two Job Costs. JMS. Cost Accounting Systems. Cost accounting involves the: Measuring, Recording, and Reporting of product costs. Determines both the total cost and unit cost of each product . Accuracy is critical to company success.

981 views • 72 slides

Creating Corporate Advantage

Creating Corporate Advantage. David J. Collis and Cynthia A. Montgomery / HBR / 1998.05. 목차. 1. Creating Corporate Advantage. 2. Choices Along The Resource Continuum. 3. Newell’s Corporate Advantage. 4. The Lessons of Newell. 5. Sharing resources at Sharp. 6.

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Creating a Safety Culture

How Does One Create a “Safety Culture” in the Laboratory? Start by Making Safe Science as Important as Good Science. Creating a Safety Culture . Safety is No Accident You have to MAKE it happen That means Time Effort Resources Money. Creating a Safety Culture.

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Aussie Pies (A)

Aussie Pies (A). Cost Classifications. Cost Classifications. External reporting Predicting cost behavior Assigning costs to cost objects Decision making. Cost Classifications. External reporting Product vs. period costs Predicting cost behavior Variable vs. fixed costs

1.1k views • 72 slides

Objects, Classes, and Interfaces

Objects, Classes, and Interfaces. Creating Objects Creating Classes Subclasses, Superclasses, and Inheritance Creating and Using Interfaces Creating and Using Packages. The Life Cycle of an Object. Typically, Java programs create many objects from prototypes known as classes.

1.4k views • 112 slides

Cost of Capital & Risk Analysis

Cost of Capital & Risk Analysis. MBA Fellows Corporate Finance Learning Module Part II. Class Topics. Incorporating risk in Capital Budgeting Cost of Capital Components: cost of debt, preferred stock, common equity. Calculating the Weighted Average Cost of Capital (WACC)

1.09k views • 71 slides

Cost: $200,000 + $10,000 shipping + $30,000 installation. Depreciable cost $240,000.

Proposed Project. Cost: $200,000 + $10,000 shipping + $30,000 installation. Depreciable cost $240,000. Economic life = 4 years. Salvage value = $25,000. MACRS 3-year class. Annual unit sales = 1,250. Unit sales price = $200. Unit costs = $100.

4.02k views • 366 slides

Chapter 7

Chapter 7. The Cost of Production. Topics to be Discussed. Measuring Cost: Which Costs Matter? Cost in the Short Run Cost in the Long Run Long-Run Versus Short-Run Cost Curves. Introduction. The production technology measures the relationship between input and output.

1.15k views • 80 slides

Chapter 7

Chapter 7. The Cost of Production. Topics to be Discussed. Measuring Cost: Which Costs Matter? Cost in the Short Run Cost in the Long Run Long-Run Versus Short-Run Cost Curves. Topics to be Discussed. Production with Two Outputs: Economies of Scope

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Creating an RTC Hot Fix

Creating an RTC Hot Fix. September 18, 2013. Steps for creating a hot fix. Find the work item where the defect is resolved. Check for existing hot fixes. Create a target release installation. Create a repository workspace for the target release. Build. Merge. Rebuild. Create the hot fix.

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Cost Minimization

Cost Minimization. Accountants vs. Economists. Economists think of costs differently from accountants. Economics Cost = Explicit Costs + Implicit Costs Accounting Cost = Explicit Costs Opportunity Cost is synonymous with Cost Measuring implicit opportunity costs is difficult

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Cost Allocation and Applying for an Indirect Cost Rate

Cost Allocation and Applying for an Indirect Cost Rate. Presented by: Division of Cost Determination April/May 2010. This is a basic course. Topics We Will Cover. What is an indirect rate? How do you prepare an indirect rate proposal? Where do you submit the proposal, and when is it due?.

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The Cost of Capital

The Cost of Capital. Chapter 9. Learning Goals. Sources of capital Cost of each type of funding Calculation of the weighted average cost of capital (WACC) Construction and use of the marginal cost of capital schedule (MCC). Factors Affecting the Cost of Capital.

2.76k views • 131 slides

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Enhancing Cost Certainty with 5D: Benefits and Requirements

Enhancing Cost Certainty with 5D: Benefits and Requirements

Presentation Transcript

Creating Capacity and Jobs

Cost-Volume-Profit Analysis

Workflow

Activity-Based Cost Systems

Relevant Cost Decisions

Cost Estimation

Marketing Mix

Cost Behavior

C hapter 8

Managerial Accounting Chapter Two Job Costs

Creating Corporate Advantage

Creating a Safety Culture

Aussie Pies (A)

Objects, Classes, and Interfaces

Cost of Capital &amp; Risk Analysis

Cost: $200,000 + $10,000 shipping + $30,000 installation. Depreciable cost $240,000.

Chapter 7

Chapter 7

Creating an RTC Hot Fix

Cost Minimization

Cost Allocation and Applying for an Indirect Cost Rate

The Cost of Capital

Cost of Capital & Risk Analysis