Time and Cost Management in the Construction of Large Energy Facilities

The article deals with the problems of time and cost management in the construction of large energy facilities. The practical value of standards in the field of time and cost management in the construction of large energy facilities is often questioned by specialists in various fields of project activity. Practitioners at lower and intermediate levels often complain about the lack of clear and effective tools for solving specific problems in project management practice. However, the skillful application of standards can not only increase the likelihood of success for a wide range of diverse projects of large energy facilities with obtaining expected business values "at the output" of the project. The purpose of this study was to study the features of management terms and cost in the construction of large energy facilities. The objectives of the study included establishing links between the methods recommended by the project management body of knowledge (PMBoK) guidelines for determining the project budget and the methods used in practice for determining the cost of construction projects for large energy facilities, formalized in the current regulatory documents and state building codes of Russia. For this (according to the PMBoK standard), the basic methodological foundations of the project cost management process, its components and characteristic features were determined. The main stages of the life cycle of construction projects of large energy facilities, in which the cost of design work is assessed, are determined, the goals of such an assessment and the project participants who carry it out are determined. As a result, a complete methodological identity was established between the methods for assessing the project cost of large energy facilities recommended by the PMBoK standard and the methods for determining the cost of construction specified in the current regulatory documents in the construction industry in Russia.