distance to market as well as variations in quarantine and phytosanitary control measures. For example, South Australia prohibited trade from fruit fly infested areas of unsprayed ripe fruits into the state while Western Australia prohibited fumigated grains from entering the state. Acai Customer Supplementary Customer
Welfare income $ Low income* $ Average income $ Welfare income (parenting allowance) $ Low income* $ Average income $ Cost of affordable meal plan 309.17 309.17 309.17 219.77 219.77 219.77 Income 710.11 1,322.13 2230.00 605.91 889.70 932.06 Income left after meal plan 400.94 1,013.00 1920.83 386.14 580.53 712.29 Proportion of income required to purchase meal plan 2013 44% 23% 14% 36% 25% 24% Proportion of income required to purchase meal plan in 2010 47% - 16% 41% - 26% Cost management in project management is the science behind the planning, allocation and control of the budget for a project or an organization. It is a process that makes certain that a project would be completed within an agreed upon budget and cost management in project management is a prerequisite skill for establishing yourself as a great project manager. A good project cost management plan ensures that the organization does not overshoot their budget, thereby maximizing profitability. The process involves a lot of project cost estimations and calculations, cost-tracking spreadsheet development, reviews and approvals from top management and the integration of a project cost management software. 4 Steps to Creating a Project Cost Management Plan for Amazonia
1. Resource Planning Resource planning helps the project manager determine how much human resource, raw material, equipment and facilities that would be required to deliver on the project. At this phase, the project manager would be looking at all the physical resources necessary for executing the project. So, let’s say a project manager is working on an IT related project, he would need to be made aware of what IT skills are vital to the project and what software or applications are relevant to the project. A great way to do this would be to have a sit-down with a subject matter expert, professional associations and members of the project team to create a workflow structure (work breakdown structure). This will aid in the identification of components of the project that would require certain resources. The project manager can also refer to data from past projects, consult the SOW document and ensure that all activities and requirements are in-line with the organization’s policies and procedures. 2. Cost Estimation This involves developing an approximate value of how much the resources identified are going to cost. The process involves identifying and examining different pricing alternatives with the aim of going with the option that is most profitable for the company without necessarily compromising on quality. At this stage, the project team would want to be considering resource requirements, the duration of activities, the work breakdown structure, information from previous similar projects concluded and resource rates (labor fees per hour, wholesale versus retail costs).
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