17828187-Presentation-on-Project-Cost-Management-Final - PMIPro je c tCo s t Manag e me nt Vinay Yogesh Manoj Pradeep Meena People Processes Technology

17828187-Presentation-on-Project-Cost-Management-Final -...

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Proprietary and confidential. ©2006 Perot Systems. All rights reserved. All registered trademarks are the property of their respective owners.People. Processes. Technology. Res ults .PMI – Project Cos t ManagementVinay, Yogesh, Manoj, PradeepMeena
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Proprietary and confidential. ©2006 Perot Systems. All rights reserved. All registered trademarks are the property of their respective owners.AgendaCost Management Knowledge Sharing sessionIntroductions and Overview5 mins Project Cost Estimating10 minsProject Cost Budgeting10 minsProject Cost Control20 minsAccounting Standards10 minsSample Questions 20 minsOpen Discussions15 mins
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Proprietary and confidential. ©2006 Perot Systems. All rights reserved. All registered trademarks are the property of their respective owners.Knowledge Areas and Processes - Recap
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Proprietary and confidential. ©2006 Perot Systems. All rights reserved. All registered trademarks are the property of their respective owners.What are the Drivers of Cost ManagementCosting is done on the resources required to accomplish a projectIdentification and planning of resources required for the project costing are:PeopleEquipmentsMaterials needed to complete the workQuantity of the needed resourcesSchedule when the resources are neededApplying Expert judgment to evaluate and analyze the resources that the project needsValue Analysis to find more affordable, less costly methods of accomplishing the same workThe Cost Management plan can establishPrecision LevelUnits of MeasureOrganizational Procedures LinksControl ThresholdsEarned Value RulesReporting formatsProcess Description
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Proprietary and confidential. ©2006 Perot Systems. All rights reserved. All registered trademarks are the property of their respective owners.Project Cost Management - OverviewProject Cos t Management includes  the proces s es  involved in planning, es timating, budgeting and controlling cos ts  s o that the project can be completed within the approved budget.oCos t Es timating –Developing an approximation of the costs of the resources needed to complete project activitiesoCos t Budgeting– Aggregating the estimated costs of individual activities or work packages to establish a cost baselineoCos t Control– Influencing the Factors that create cost variances and controlling changes to the project budgetThese Processes interact with each other and with the processes of other knowledge areas like Time Management, Procurement Management, Scope Management , Communication Management and Integration Management
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Proprietary and confidential. ©2006 Perot Systems. All rights reserved. All registered trademarks are the property of their respective owners.
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