{"id":62736,"date":"2021-05-20T21:58:59","date_gmt":"2021-05-21T01:58:59","guid":{"rendered":"http:\/\/bangla.salearningschool.com\/recent-posts\/project-cost-management-part-1-overview-components-value-engineering-pmp-project-management\/"},"modified":"2025-04-29T21:41:30","modified_gmt":"2025-04-29T21:41:30","slug":"project-cost-management-part-1-overview-components-value-engineering-pmp-project-management","status":"publish","type":"post","link":"http:\/\/bangla.sitestree.com\/?p=62736","title":{"rendered":"Project Cost Management. Part – 1: Overview, Components, Value Engineering #PMP – Project Management"},"content":{"rendered":"

Project Cost Management. Part – 1: Overview, Components, Value Engineering<\/strong><\/p>\n

Some Concepts in Project Cost Management<\/p>\n

Costing Involves:<\/strong>
\n1. cost to purchase, develop i.e. to have the system
\n2. Operation cost
\n3. Cost to disposal<\/p>\n

Value Engineering:<\/strong>
\nGet the most from a project
\n–decrease cost
\n–increase value
\n–increase quality
\n–shorten schedule
\n–keep project scope not reduced<\/p>\n

  From: http:\/\/sitestree.com\/?p=11494
Categories:PMP – Project Management
Tags:
Post Data:2017-10-17 16:02:06<\/p>\n

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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 … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1917,187],"tags":[],"class_list":["post-62736","post","type-post","status-publish","format-standard","hentry","category-fromsitestree-com","category----project-management-basics","item-wrap"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":62541,"url":"http:\/\/bangla.sitestree.com\/?p=62541","url_meta":{"origin":62736,"position":0},"title":"Project Cost Management – Part 1 #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 16, 2021","format":false,"excerpt":"Some Concepts in Project Cost ManagementCosting Involves:1. cost to purchase, develop i.e. to have the system2. Operation cost3. Cost to disposalValue Engineering:Get the most from a project--decrease cost--increase value--increase quality--shorten schedule--keep project scope not reducedCOST ESTIMATINGWhen cost estimation is done?After project scope is defined, and work breakdown structure is created.But\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62752,"url":"http:\/\/bangla.sitestree.com\/?p=62752","url_meta":{"origin":62736,"position":1},"title":"Details on Cost Management Terms. Part – 9: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62746,"url":"http:\/\/bangla.sitestree.com\/?p=62746","url_meta":{"origin":62736,"position":2},"title":"Cost Control in Short : Part – 6: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62748,"url":"http:\/\/bangla.sitestree.com\/?p=62748","url_meta":{"origin":62736,"position":3},"title":"Cost Control in Details : Part – 7: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62609,"url":"http:\/\/bangla.sitestree.com\/?p=62609","url_meta":{"origin":62736,"position":4},"title":"Economic Models of Project Selection. Part – 3: Initiating Projects #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 17, 2021","format":false,"excerpt":"Economic Models of Project Selection. Part - 3: Initiating Projects [At a later time, we will provide the details] Benefit Cost Ratio Cash Flow Internal Return Rate Present Value and Net Present Value Opportunity Cost Discounted Cash Flow Return on Investment From: http:\/\/sitestree.com\/?p=11410 Categories:PMP - Project ManagementTags: Post Data:2017-10-17 13:49:20\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62607,"url":"http:\/\/bangla.sitestree.com\/?p=62607","url_meta":{"origin":62736,"position":5},"title":"How a project is selected? Part -2 : Initiating Projects #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 17, 2021","format":false,"excerpt":"How a project is selected? Project Selection: A particular project may have different alternative solutions. A company may have multiple project plans and they need to select one of them. But How? 1. Scoring Model: Identify some matrix to find which project strategy is better or which project will be\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62736"}],"version-history":[{"count":1,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62736\/revisions"}],"predecessor-version":[{"id":78007,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62736\/revisions\/78007"}],"wp:attachment":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}