NRM and the SFCA - revisited
When I wrote about the NRM earlier in the year I intended to return to the topic as soon as we had completed our mapping of the NRM to the SFCA.
It was only when I had to give a presentation at our recent Cost Planning Seminar in Manchester last week that we got round to completing it (There is nothing like a deadline to concentrate the mind).
So it is with apologies for its lateness that a paper on the relationship between the NRM and the SFCA with the mapping document has now been posted on the site.
The Key message in the presentation is that the two documents have a symbiotic relationship:
- The SFCA sets out how to analyse the cost of a project into elements.
- The NRM sets out how to present and develop a cost plan as the design develops.
These two processes are the beginning and the end of the cycle of cost information that flows through a procurement process. There is clearly a chicken and egg relationship.
- The starting point for an elemental order of cost estimate is cost analyses of previous projects.
- The starting point for a cost analysis is the costing documents from a procurement process.
Which came first? Well, presumably, when Eve suggested to Adam that she could do her spinning in a building while he delved outside, they had no basis for assessing the cost of a building, but since then we have been in a cycle, we analyse costs of a project in order to provide information for giving cost advice on future projects.
Our up and coming seminars in Manchester are on:
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