defenition phase last part Flashcards
what are things that can influence the choice for alternative resources
cost
quality
timing
what do you need to take into account when determining resources
rules/culture of organisation
what are resources based upon
project scope
project planning (work breakdown structure)
what do you need for needed resources
definition and description
remember: determining the resources needed (type/amount) to implement the project
what can you also use for determining resources
subject matter experts:
other departments, suppliers
what is budgeting
estimation
don’t expect perfect match with actual costs
what is the basis for estimating a budget
resources present
expectations/needs
predicting the future
what are budget-elements?
- pre-project costs
- capital expenses
- labour expense
- allocating fixed overhead costs
- special expenses
- costs related to the life-cycle
what are pre-project cists
development, analysis, etc …
wat are labout expenses
Own employees
Contractors
Calculating reserves?
when do you especially need to allocate fixed overhead costs
long-term projects
what are special expenses
Rental
Subcontracting
Depreciation of old materials
…
what is the project manager responsible for with buget
- Defining the budget
- Actual cost of the project
- Future expenses and possible deviations of the budget
what will the project budget be used for in many cases
a project performance indicator
The project budget is the “cost baseline” against which the cost performance of the project is measured
