Significant component of project budget

Assignment Help Operation Management
Reference no: EM132794817

The most significant component of the project budget, as we have observed, is derived from the assigned resources. However, resources are not the only source of project costs. Costs may be direct, indirect, fixed, and variable. Using resources in this module as well as the Aspen library and Internet, describe the process of creating a project budget. Identify all costs-especially costs beyond assigned resources-that should and should not be included in the project.

The paper should include:

Describe the project budget process

Identify what should and should not be included in the overall project budget.

Provide your rationale for costs you choose to include in the project.

Reference no: EM132794817

Questions Cloud

Determine the likelihood of the risk occurring : Determine the likelihood of the risk occurring. Determine the potential consequences and impact of the risk occurring.
Complaint procedure and employer response to complaints : an analysis of the use of the complaint procedure and the employer's response to any complaints;
Corporate social responsibility : Discuss and review its corporate social responsibility (CSR) programs or outreach. Identify and describe how to measure its CSR performance.
Consider staging timelines : Consider staging timelines. For example, where and at what time might the halftime entertainment need to be close to the field to allow for efficient transition
Significant component of project budget : The most significant component of the project budget, as we have observed, is derived from the assigned resources.
Current process of construction and aggregate industry : You are analyzing ways to make improvements on the current process of construction and aggregate industry.
Various approaches to managing diversity in workplace : Analyze various approaches to managing diversity in the workplace, evaluating the advantages and challenges of each.
Managing diversity in the workplace : Managing Diversity in the Workplace: Discuss diversity at the workplace from the point of view of a business manager.
Communicate in united states versus communication ireland : What are the similarities and differences between how people communicate in the United States versus communication Ireland?

Reviews

Write a Review

Operation Management Questions & Answers

  Some ways wal-marts stakeholder demands may conflict

What are some ways Wal-Mart’s stakeholder demands may conflict?

  Agile project management or scrum concept

Are there any companies that utilize the Agile project management or SCRUM concept? Are they successful?

  Legal and organizational considerations

How should your mission statement articulate these goals? What key tasks must be accomplished in order to meet the organization's goals?

  Events occurring in environment that influence organizations

Describe in detail the dimensions of the patterns and events occurring in the environment that influence organizations.

  Describe the interlocking supply chain concept

Describe the Interlocking Supply Chain Concept and its importance? Why has it not been more successfully deployed?

  Create process chart-flow chart to map the process

Create a process chart/flow chart to map the process of taking a license plate at Department of Motor Vehicle. Here are the process details: You enter the office and take a number, then walk 50 feet to the waiting area. During the wait, you count add..

  Importance of using consultant to undertake recruitment

Explain the importance of using a consultant to undertake recruitment and selection in an organization

  Summary of the hiring practices-work group methodologies

Summary of the hiring practices, work group methodologies, and training methods utilized in this business/industry.

  Decision variables-objective function-relevant constraints

Think of your primary place of employment. What type of business applications may qualify as good candidates to modeling them as linear programming problems? As you answer this question, think of the decision variables, objective function, and any re..

  Support the performance of daily operational task

What encompasses all of the information contained within a single buisness process or unit of work and it's primary purpose is to support the performance of daily operational task? Which of the following is an example of transactional information?

  Describe pandora and whether this company produces

Investigate and describe any information you can locate about how this company designs the process to produce its product or to provide its service.

  Employees regarding alternative work arrangements

How can employees benefit from alternative work arrangements?  Why? What are some of the possible negative outcomes for employers and/or employees regarding alternative work arrangements? Please explain your answer. What types of factors are influenc..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd