Project Management - Cost

Project Management - Cost

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20-7-2010

TABLE OF CONTENTS

S .NO . DESCRIPTION PAGE NOS

1 Project management overview 3

2 Introduction 4

3 Project cost management 4

4 Estimating the variances 5

5 Case study consideration 6

6 Influencing factors 7

7 Cost and time management 8

8 Direct and indirect proportionality 9

9 Conclusion 11

PROJECT MANAGEMENT OVERVIEW

Project management is an insightful analysis with a deep and careful

planning of steps with controlled attempts for carrying out or a fulfillment of typically any significant task based achievement

Considering an example of

Setting up a new retail outlet at large arena , basically expanding your business

Construction related projects needing heavy capital intensive approach

Implementation of a new technological system through a project

Project management starts up with emerging a project plan that is further branched to have essential and validation of the planned goals and objectives . It is basically an identification of tasks and activities and how those goals can be attained , measurements and allocation of the capital required , and shaping finances and deadlines with proper timings for completion . It also incorporates the overall management and the execution of the project 's planning being done at inception , along with working and taking into operation the expected controls to ensure that there is true and exact point of meaningful information on performance related to the project preparation and all the methods of implementation along with improvement actions where...