Details on Cost Management Terms. Part – 10: Project Cost Management For now, this is just a placeholder post Actual Cost: Money spent over the period Cost Variance (CV): Difference between planned cost and actual cost. CV = EV – AC Schedule Variance (SV): Difference between the planned schedule and actual schedule (as:Where the project …
Category: প্রকল্প নিয়ন্ত্রণ । Project Management (PMP) Basics
প্রকল্প নিয়ন্ত্রণ । Project Management Basics
May 20
Cost Budgeting in Details. Part – 5: Project Cost Management #PMP – Project Management
Cost Budgeting in Details. Part – 5: Project Cost Management (Details will be added at a later time) Maps costs and dates. How much will be spent on what and when. Also termed Cost Baseline When cost budgeting is done? After activities are defined and scheduled. Activity durations and resource requirements are also estimated. Tools …
May 20
Cost Control in Short : Part – 6: Project Cost Management #PMP – Project Management
Cost Control in Short : Part – 6: Project Cost Management Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed Performance Measurement Analysis Calculate Earned Value, Planned Value, Actual Cost, Estimate to …
May 20
Cost Control in Details : Part – 7: Project Cost Management #PMP – Project Management
Cost Control in Details : Part – 7: Project Cost Management (Details will be provided at a later time, so now, in short) Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed …
May 20
Cost Management Terms. Part – 8: Project Cost Management #PMP – Project Management
Cost Management Terms. Part – 8: Project Cost Management Earned Value: The value the spent money brought to the project. Just like double entry accounting system: for every debit to an account there is a corresponding credit. Budgeted at Completion (BAC): How much was originally planned for this project. Planned Value (PV): Calculates how much …
May 20
Details on Cost Management Terms. Part – 9: Project Cost Management #PMP – Project Management
Details on Cost Management Terms. Part – 9: Project Cost Management For now, this is just a place holder post Earned Value: The value the spent money brought to the project. Just like double entry accounting system: for every debit to an account there is a corresponding credit. Budgeted at Completion (BAC): How much was …
May 20
Cost Estimation in Details. Part – 3: Project Cost Management #PMP – Project Management
Cost Estimation in Details. Part – 3: Project Cost Management (Details will be added at a later time, now in short) Cost Estimation in Short When cost estimation is done? After project scope is defined, and work breakdown structure is created.But may be performed again and again over the total life cycle Tools Analogous Estimating …
May 20
Cost Budgeting in Short. Part – 4: Project Cost Management #PMP – Project Management
Cost Budgeting in Short. Part – 4: Project Cost Management Maps costs and dates. How much will be spent on what and when. Also termed Cost Baseline When cost budgeting is done? After activities are defined and scheduled. Activity durations and resource requirements are also estimated. Tools Cost Aggregation Activity level costs should be aggregated …
May 20
Project Cost Management. Part – 1: Overview, Components, Value Engineering #PMP – Project Management
Project Cost Management. Part – 1: Overview, Components, Value Engineering Some Concepts in Project Cost Management Costing Involves: 1. cost to purchase, develop i.e. to have the system 2. Operation cost 3. Cost to disposal Value Engineering: Get the most from a project –decrease cost –increase value –increase quality –shorten schedule –keep project scope not …
May 20
Cost Estimation in Short. Part – 2: Project Cost Management #PMP – Project Management
Cost Estimating in Short. Part – 2: Project Cost Management Cost Estimation in Short When cost estimation is done? After project scope is defined, and work breakdown structure is created.But may be performed again and again over the total life cycle Tools Analogous Estimating Based on the similar actual projects Bottom up estimating: Estimate cost …
