Technical decision-making in a projectised organisation is typically driven by an analysis of time, money and human resources. This subject explores how costs are managed from the initiation phase of a project or program until its closure phase. Topics covered include estimating techniques, direct and indirect costs, budgeting, cost planning, earned value, and financing. Successful outcomes can occur when value for money is realised.
|Faculty||Faculty of Society & Design|
1. Practice knowledge needed for effective project cost management on an authentic case study 2. Produce a cash flow and use it to develop a means for managing performance 3. Demonstrate an ability to prepare a progress payment/claim as a basis for technical decision-making 4. Apply new knowledge and skills required for solving problems related to project cost management
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