Cost unit 2013 part 1. 18 jan

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Cost unit 2013 part 1. 18 jan

  1. 1. Diploma Project Management Captain Cook College Sharon Boyle
  2. 2.  Discussion re Assessment Items ◦ More detail around Assessment items for Cost Unit ◦ Negotiate & agree date for Project management meeting Presentation ◦ Cost management plan ◦ budget relationship to Fred’s ShedMorning Tea Work on either cost management plan or LMS questionsLunch Discuss answers for Activities 1 & 3 – leave Written/Oral to next week Continue working on LMS Next week ◦ EVA ◦ Variations & Closeouts ◦ Project Meeting
  3. 3.  No. 1. Prepare a Cost management plan for Fred’s Shed – Mr Jones job and include a detailed project budget. No 2. Analyse scenario to be provided & insert into baselined budget. Note variances No 3. Provide progress report - this will include the Variance analysis from Scope & Time Units. No 4. Attend a Project Meeting where progress will be presented based on progress reports prepared in Scope, Time & cost units. Each student is required to attend the meeting, play the role requested and prepare a set of minutes.
  4. 4.  Prepare a Cost management plan for Fred’s Shed – Mr Jones job and include a detailed project budget. What is the purpose of a cost management plan? Major components? Use scaled down template provided
  5. 5.  TABLE OF CONTENTS ◦ Introduction ◦ Cost Management Approach ◦ Measuring Project Costs ◦ Reporting Format ◦ Cost Variance Response Process ◦ Cost Change Control Process ◦ Project Budget
  6. 6.  A brief scenario will be provided which impacts on time & cost. Update your budget in Assessment Item 1. Describe the impacts on the budget. Use the template but just the appropriate sections
  7. 7.  Provide progress report - this will include the Variance analysis from Scope & Time Units. Use the template provided
  8. 8. When can we have project meeting? Each student is required to attend the meeting, play the role requested and prepare a set of minutes. Date & Time = Friday 25 January – 11 am Agenda will be prepared by Jamie by Thursday 24 Jan. Everyone required to prepare minutes of meeting
  9. 9.  Project Manager - Jamie Assistant PM - Kevin Cost controller – Jerzy Scheduler - Chas Client – Mr Jones - Dennis CEO – Fred - Sylvester Note taker - Winni
  10. 10.  Remember ◦ LMS – don’t bother with Activity 2. ◦ Written/Oral for next week. Cost management plan – ◦ use structure provided or do up your own ◦ Must include budget for Fred’s shed ◦ Consider EVA after next week’s lectures & video
  11. 11.  Activity 1. Activity 3.
  12. 12.  Discussion re Assessment Items ◦ More detail around Assessment items for Cost Unit ◦ Negotiate & agree date for Project management meeting Presentation ◦ Cost management plan ◦ budget relationship to Fred’s ShedMorning Tea Work on either cost management plan or LMS questionsLunch Discuss answers for Activities 1 & 3 – leave Written/Oral to next week Continue working on LMS Next week ◦ EVA ◦ Variations & Closeouts ◦ Project Meeting
  13. 13.  1. Determine project costs 2. Monitor and control project costs 3. Conduct financial completion activities

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