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CEM13A-Principles and Practice of Project Management

Aims The aim of this task is to enable you to apply your knowledge from the programme to the management of construction projects. This involves implementing lessons from core modules to develop an in ...

Course

CEM13A

Type

Assignment

Subject

Project Management

University

University of Reading

BSB51415 Diploma in Project Management

Question

Answered

Task:

1. Determine project costs

2.Determine resource requirements for individual tasks identified in the work breakdown structure, with input from stakeholders and guidance from others

3. Estimate project costs to enable project budget to be prepared within agreed tolerances

4. Develop a project budget

5.Develop a cost-management plan, within delegated authority, to ensure clarity of understanding and ongoing management of project finances

6. Implement agreed financial management processes and procedures to monitor actual expenditure against budget

7. Select and use cost-analysis methods and tools to identify cost variations and evaluate alternative actions

8. Implement and monitor agreed actions to maintain financial objectives

9. Provide accurate and timely financial reports

 

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

➢ Explain appropriate budgeting processes, tools and techniques

➢ Describe methods and tools for costing and cost analysis

➢ Explain strategies for managing costs and their application in different situations

➢ Outline processes for reviewing costs against outcomes

➢ Summarise key organisational policies and procedures applicable to this role.

1.Determine resource requirements for individual tasks identified in the work breakdown structure, with input from stakeholders and guidance from others

2. Estimate project costs to enable project budget to be prepared within agreed tolerances

3. Develop a project budget

4. Develop a cost-management plan, within delegated authority, to ensure clarity of understanding and ongoing management of project finances

BSB51415 Diploma in Project Management

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On successful completion of this unit, students will be able to: 1.Demonstrate understanding of variances between projects and respective industries; 2.Understand the various stages of a project and their components; 3.Demonstrate an ability to use appropriate project planning tools; ...

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Q

Scenario:Carillion FM with Amey FM won a major Total Facility Management (TFM) contract in 2014 with the Ministry of Defence providing all property services on the MoD’s housing estate.Following a small fire in the kitchen of a property, Carillion FM has been instructed to fully refurbish the ...

View Answer
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Aims The aim of this task is to enable you to apply your knowledge from the programme to the management of construction projects. This involves implementing lessons from core modules to develop an integrated approach to the understandings of how project managers successfully deliver construction pr ...

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