This slide show complements the learner guide NCV 3 Project Management Hands-On Training by Bert Eksteen published by Future Managers Pty Ltd. For more information visit our website
This slide show complements the learner guide NCV 3 Project Management Hands-On Training by Bert Eksteen published by Future Managers Pty Ltd. For more information visit our website www.futuremanagers.net
The top-down estimating technique, also called analogous estimating, is a technique that requires upper (top) management to examine past data from similar projects to develop a cost estimate for the current project
In addition to past project data, top-down estimates are based on the manager’s experience, or expert judgment.
The bottom-up estimating technique requires a cost estimate to be developed for each of the work packages in the WBS. Then, once the cost of each work package is estimated, the estimates can be added together to compile the total project cost estimate
Link the cost (pg 103) next to the deliverables, activities and sub-activities of your work breakdown structure (WBS) – you may either do it in your manual or you may re-do the WBS and then add the cost next to the deliverables, activities or sub-activities
Calculate a cost estimation for the project – on the given template on page 104 (Annexure A)
1.6 Determine the resource requirements of the given project
What are the resources used to complete projects?
Careful resource planning allows you to know what resources are required for each work package
Project Management 3 Future Managers
Project Management 3 Future Managers Deliverable Activities Resource Quantity Cost 1. Digging and laying the foundations Hire a trencher for the digging work Cement Machine + Operator 1 R500 p/h 2. Building of house Building of walls Put up roof Labour Labour; Material 4 x Builders 4 x Brick layers 8 x Labourers Rate per hour Rate per hour 3. Plumbing work Bathrooms; kitchen; Laundry Labour; Material 1 x Plumber 2 x Labourer Rate per hour 4. Electricity work Pipes; wire and plugs; light fittings Labour; material 2 x Electricians 2 x Labour Rate per hour 5. Paint work (outside and inside) Paint of outside and inside walls Labour; material 4 x Painters Rate per hour