Problem Solving Techniques
Problem Solving Techniques Problem-solving techniques, such as brainstorming and Cause and Effect diagrams, involve systematic data collection, data presentation diagrams, Pareto analysis, and the generation…
What is Quality?
What is Quality? Let’s start this lesson by asking ‘what is Quality?’ The PMBOK’s third principle emphasises maintaining a focus on quality, producing deliverables that…
What will you learn in this module?
Learning Objectives Discuss quality concepts as they apply to projects. Describe methods used in project quality management. Develop a project quality plan. Build quality into…
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…