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

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…

Summary We have come to the conclusion of this module. Let’s review the learning objectives that were introduced at the beginning of this module. Throughout…

How to Develop a Project Schedule The video above discusses and explains how to develop a schedule using the Critical Path Method, Gantt Chart, Resource…

Schedule Control During the project’s execution phase, work performance must be measured and aligned with the plan. Regular updates and data examination are essential, particularly…

Methods and Artifacts Creating plans for scope, budget, or schedule requires recognizing their dynamic nature and the possibility of change. Taking a snapshot of the…

Methods and Artifacts Artifacts: Duration Estimates: Provide insights into task and project completion time, based on different estimation methods and uncertainty ranges. Updates to Documents…

Methods and Artifacts With all the activities now defined, the subsequent step is to sequence them in a logical order. Sequencing activities involves using various…