Project Cost Management

Project Cost Management

Project Type: Presentation (pptx)

Downloads: 0 - 10 Sunday 19th March 2017 Report

Project Cost Management - Overview

------------ PAGE 1 ------------ Project Cost Management By ------------ PAGE 2 ------------ What is Project Cost Management? • Ensures that a project completes a within an approved budget. • Continuously striving to reduce and control costs. ------------ PAGE 3 ------------ Project Cost Management Processes „e Planning „e Estimating „e Determining the budget „e Monitoring and Controlling ------------ PAGE 4 ------------ Project Cost Estimation Techniques „e List WBS items „e Resource Table „e Determining tentative cost per unit „e Budget table for Human and Material Resources ------------ PAGE 5 ------------ Resource Table Name Code Rate Project manager PM $ 100 per day Analysis AN $ 50 per day Developer DP $ 40 per day Tester TE $ 60 per day Transport TR $ 20 per day Computer C $ 200 per month ------------ PAGE 6 ------------ Budget Activity Duration Resource Calculate Total Project management 5 PM( 2), AN( 3) ( 2* 100 3* 50) 200 150= 350 Testing 6 PM( 3), TE( 3) ( 3* 100 60* 3) 300 180= 480 Designing 3 DP( 3) ( 3* 40) 120 Developin g 8 DP( 2), AN( 6), ( 2* 40 6* 5 0) 80 300= 3 80 Training 2 TE( 2) ( 2* 60) 120 Material Transport 1 month 30* 20 600 Computer 1 month 200* 1 200 Total $ 2250 ------------ PAGE 7 ------------ Advantage „e Stress Reduction „e Pursuing other objectives „e Prioritization and Efficiency „e Awareness and Planning „e Sense of Accomplishment ------------ PAGE 8 ------------ Disadvantage 1. Some programs can be very costly with very little ROI 2. Project management software may complicate simple projects ------------ PAGE 9 ------------ Conclusion 1. One of the essential requisites for the success of any project. 2. Scope for the cost that the business can bear. 3. Easier to set the goals and work accordingly. ------------ PAGE 10 ------------ Thank You!
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