Definition of cost management

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Reference no: EM133041241

Activity 3B

  1. In order to determine whether the project outcomes were reached. You should use key measurements throughout the project and after completion. Identify one key measurement.
  2. Identify an example of what you would evaluate within a review of project outcomes.
  3. You may use previous records to help review project outcomes. Research and identify what records you can use in your organization.
  4. You may choose to use a project completion report as shown in the table below. Identify who may be required to sign the report off

Project phase

Completed?

Signed off by?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Activity 3C

  1. Provide a definition of cost management.
  2. Provide 3 examples of cost management issues.
  3. When reviewing cost management issues what should you remember?
  4. Research and identify your organization's procedure for documenting any improvements.
  5. Give an example of a previous cost management issue you have come across. Explain what improvements you made.

Activity 4A

Identify one example for each of the following:

a) Budgeting processes:

b) Budgeting tool:

c) Budgeting techniques:

Activity 4B

Outline how you would apply each of the examples you have provided in 'Activity 4A' to a project.

Activity 4C

Outline one method and one tool used for costing and cost analysis.

Activity 4D

Outline how you would apply the method and tool identified in 'Activity 4C' to a project.

Activity 4E

  1. Explain the strategies for managing costs and their applications in different situations.
  2. Explain how you would develop a budget for a project.

Activity 4F

Suggest how you could record expenditure, make accurate financial reports and evaluate the cost management processes of a project.

Activity 4G

Research and identify three organisational polices and or procedures applicable to your role in a project.

Reference no: EM133041241

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