Aggregating all the estimated costs for specific activity
Course:- Project Management
Reference No.:- EM13896403

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Project Management

Aggregating all the estimated costs for the specific activities that make-up a project to determine its total budgeted cost (TBC) and then monitoring a project's progress to ensure that the work involved is kept within budget are two activities that are critical for success.

Discuss the processes involved in determining and managing project budgets while explaining what points and pitfalls project managers should keep in mind when performing these functions.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Project Management) Materials
Given the fact that a project's resources requirements are clearly spelled out in the projects action plan , why are PM's so concerned with resource allocation?
List four methods used for the distribution of end-of-meeting reports to senior management or CEO and list four reasons for reporting end-of- meeting outcomes to senior manage
1. Critically examine the importance of PMBOK /PMI-5 standards for Project Management Growth in Enterprise and examine the relative importance of other standards such as "PR
Explain why are accurate estimates critical to effective project management and what steps can project managers take to improve the accuracy of estimating projects?
An office manager has received a report from a consultant that includes a section on equipment replacement. The report indicates that scanners have a service life that is norm
A car approaches you at 50 km/h. A fly inside the car is flying toward the back of the car at 7 km/h. From your point of view by the side of the road, the fly is moving at _
Your task is to consider the three learning outcomes (L1, L2 and L3) in the context of this course. You must then make a presentation of 15 minutes length that summarises the
The topic chosen must relate to a topic discussed in the assigned reading material, but also take a holistic view in that you should integrate knowledge of the concepts that