The fundamental requirements for achieving adequate cost management with respect to physical infrastructure sustainment and new construction are shown below. Tools and services to accomplish the goal are readily available.
Physical Infrastructure Management – Requisite Tools
- Implementation of programmatic, robust, integrated planning, procurement, and project delivery process for ALL requirements.
- Locally researched, current, granular (unit price line item) cost data as the basic foundational element for all costing. (Note: The continued reliance upon historical costing, national average cost data, and the use of location or economic factoring has resulted in gross cost errors and significantly contributed to the mismanagement of resources.)
- Quantitative metrics
- Frequent independent third-party audits
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