5D BIM technology provides ways of determining and analyzing the resources required to complete a project. At the same time, it provides means of evaluating the impacts of the changes in scope, equipment, materials and labor.
There are various type of risk management, one of them is budget.
Amount of materials required to construct the project is called takeoff for materials.
With 5D simulation cost are connected to design changes. Hence with each design change cost sheet gets updated and engineers, architects can keep eye on budget. So multiple options of materials, construction methods etc could be simulated in order to achieve project goals.
