PC#03 – Develop Work Breakdown Structure – WBS

Objective : Upon successful completion of this module, participants will have an overall idea about the steps involved, purpose and benefits of developing a project work breakdown structure. Level : Basic Steps : Form the team for developing the Work Breakdown Structure (WBS). Since there are multiple disciplines involved, a cross functional team is better.…

Project cost management

Project cost management comprises of planning, estimating, budgeting and controlling of project costs. Plan cost management  Cost management plan Estimate costs  Expert judgment Analogous estimation Parametric estimation Bottom up estimation Three point estimation Determine budget  Cost aggregation Historical information Funding limit renciliation Cost baseline Project funding requirements Control costs  To complete performance index (TCPI)