Cost unit 2013 part 1. 17  jan
Upcoming SlideShare
Loading in...5
×
 

Cost unit 2013 part 1. 17 jan

on

  • 583 views

 

Statistics

Views

Total Views
583
Views on SlideShare
517
Embed Views
66

Actions

Likes
0
Downloads
2
Comments
0

1 Embed 66

http://ccc-lms.com.au 66

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Cost unit 2013 part 1. 17  jan Cost unit 2013 part 1. 17 jan Presentation Transcript

  • Diploma Project Management Captain Cook College Sharon Boyle
  •  Welcome back Refresher re ◦ Project definition ◦ Project management plan An Introduction & overview of Cost Unit ◦ an overview ◦ Estimating techniques Morning Tea ◦ Video re Cost Estimating techniques ◦ links to WBS ◦ Discuss Assessment items Lunch Start LMS reading & Questions
  • Friday 18 January Discussion re Assessment Items ◦ More detail around Assessment items for Cost Unit ◦ Negotiate & agree date for Project management meeting ◦ Structuring a cost management planMorning Tea Work on either cost management plan or LMS activitiesLunch Discuss answers for Activities 1 & 3 – leave Written/Oral to next week Continue working on LMS24 & 25 January ◦ More detailed analysis - EVA ◦ Variations & Closeouts ◦ Clarification on Assessments ◦ Finish LMS activities ◦ Project Meeting
  •  The projects we are considering are characterised by the following: ◦ the need for a comprehensive and multi-faceted project plan ◦ the need for a formal internal or external communications strategy ◦ a dedicated and diverse project budget ◦ multiple administrative components ◦ multiple operational components ◦ a wide range of stakeholders ◦ a project operations team. Video Project management plan ◦ http://www.youtube.com/watch?feature=endscreen&v=mkymWo HY48Y&NR=1 This video is shown through youtube and this college acknowledges the author as shown.
  •  1. Determine project costs 2. Monitor and control project costs 3. Conduct financial completion activities
  • ◦ Work up the resource requirements with input from stakeholders◦ Estimate project costs & agreed cost management processes◦ Develop & implement a cost management plan subject to  Delegated authority  Understanding of stakeholders & others  Usefulness to management of project finances
  •  Cost estimating from WBS & resource schedules Cost budgeting - aggregating Cost control – influencing factor impacting on budgets & controlling impact on project
  •  Others may include: relevant project authority program manager project specialists or other personnel team members
  •  Project costs are estimated to a level of accuracy available considering: ◦ availability of information at the time ◦ contingencies to allow for identified risks and uncertainty ◦ organisational requirements, for example overhead and profit margin ◦ stage of the project life cycle
  •  Delegated authority means that activities will: ◦ be conducted routinely or as changing circumstances dictate ◦ be done independently within broad guidance or by taking the lead of a team ◦ involve consultation with other project members, teams and internal stakeholders ◦ involve the selection, use and supervision of appropriate time management methods, tools and techniques ◦ take into account internal organisational change and external environmental change
  • Trudy Robinson Cost estimating – part 1. http://www.youtube.com/watch?v=hUBdN2sl Abo&feature=relmfu
  •  Carry out the agreed financial monitoring – actual Vs baseline ◦ Identify which cost analysis methods are relevant ◦ Evaluate options ◦ Report to those who need to know ◦ Implement, monitor and respond through out lifecycle. Costs do not let go at any stage.
  •  Next week we will look at ◦ Earned Value Management ◦ Forecasting cost to complete ◦ Performance reviews ◦ Variance analysis
  •  Conduct appropriate close out activities ◦ Has everyone been paid? ◦ What about the variations? ◦ Where do we stand? ◦ Detailed records must be kept ◦ Any lessons learnt?
  •  Let’s discuss Using Microsoft Project here is the best training video http://www.youtube.com/watch?v=sPwURRG 9_Gs Hint; watch this a few times.
  •  Welcome back Refresher re ◦ Project definition ◦ Project management plan An Introduction & overview of Cost Unit ◦ an overview ◦ Estimating techniques ◦ Video re Cost Estimating techniquesMorning Tea links to WBS Discuss Assessment itemsLunch Start LMS reading & Questions