Summary

Summary In this module, our focus has been on Project Cost Management & Investment Appraisal. Throughout the duration of the course, we have successfully accomplished…

Cost Benefit Analysis

Cost Benefit Analysis In this section, you delved into cost-benefit analysis, a vital process for evaluating the financial viability of projects and investments. Here’s a…

Investment Appraisal

What is Leadership? Let’s start this lesson by asking ‘what is leadership?’ Leadership is simply the ability to influence other people, with or without authority.…

Earned Value Management

Earned Value Management In this section, you engaged in an Earned Value Management (EVM) exercise and explored additional examples of EVM. Here’s a summary of…

Controlling Costs

Controlling Costs Cost control involves collecting actual costs and comparing them to project budgets to minimise costs and identify areas of overspending. It aims to…

Determining the Project Budget

Determining the Project Budget Building a budget involves estimating costs, aggregating direct and indirect costs, considering contingency, and creating a cost baseline. Expert judgment and…

Estimating Costs

Estimating Costs Accurate project cost estimation is crucial for successful project management. It ensures the development of reliable schedules and budgets. Poor estimates can lead…

Planning Cost Management

Planning Cost Management Planning cost management involves recognising the tasks and efforts required for cost estimation and creating a plan to facilitate the estimation process.…

Cost v Schedule Management

Cost v Schedule Management Project cost management encompasses the processes of estimating, budgeting, and controlling costs throughout a project’s lifecycle. The primary goal is to…