Assignment number: 1a | | Due Date: 14th March 2011 | | KEEP A COPY Please be sure to make a copy of your work before you submit it. On rare occasions an assignment gets lost in the system. In such a case you must be able to provide another copy. PLAGIARISM Plagiarism is the presentation by a student of an assignment that has been copied in whole or in part from another student’s work‚ or from any other source (e.g. published books or periodicals or internet sites) without proper acknowledgment
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built. The ultimate objective of the project is to deliver the gas sales to selected buyers as per agreed schedule and price. As result‚ the project schedule and cost are defined to achieve the objective. Project schedule and cost are known to work in equilibrium. Where one of these dimensions is restricted or extended‚ the other dimension will then also need to be either extended/increased or restricted/reduced in some way. Given that quality must not be compromised‚ this paper aims to describe
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the ways estimators normally would estimate construction costs. To explore the effects of project complexity and the use of BIM on the estimating process‚ I conducted three case studies‚ all concerning parking structure projects. The first case concerned a non-complex parking structure project to gain insight in the traditional estimating process.
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Therefore same would have to be eliminated from the Work breakdown Structure. This creates a decrease in the budget; in spite of this the project was within budget. Furthermore‚ which allow us to utilize the money for other resources for the project. As a result‚ a change request and approval form was completed and submitted for sponsors’ approval to remove the lab test machine from the list of resources. As such‚ the work breakdown structure was updated
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by breaking it down into parts and considering each part in a systematic way. 3. Results Orientation: The tendency to keep the desired end result of one’s own or one’s unit’s work clearly in mind‚ by setting goals and focusing on them tenaciously until they are achieved. 4. Attention to Detail: A concern for ensuring that work and information are
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project is to save the company money both short and long term. Work Breakdown Structure Project Name: Companywide Smartphones Department: Companywide Communications Focus: Integrate Companywide Smartphones WBS-Tools and Techniques The goal of this project is to arrange for all employees to have a smartphone. Guidelines of this project are to save money and before a deadline of two-four weeks. The project management team will work as quickly as possible to gather estimates from various cell phone
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Inaccurate estimates lead to false expectations and consumer dissatisfaction. There are reasons why estimating time and cost are important. Below are the following: • Estimates are needed to support good decisions. • Estimates are needed to schedule work. • Estimates are needed to determine how long the project should take and its cost. • Estimates are needed to determine whether the project is worth doing. • Estimates are needed to develop cash flow needs. • Estimates are needed to determine how
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defined. Also‚ all organizations within the company that will be involved are determined. This part of the planning process will determine who receives reports and makes final decisions in the planning process. “This step is about developing a Work Breakdown Structure (WBS) that
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to manage time is to work out how much it costs the institution and it can be done in units eg an = 1 unit .The analysis should include project team members salaries‚ the cost of office space the team occupy‚ equipment and facilities in use‚ expenses‚ administrative support etc. Activity Logs Measuring the status quo Monitoring the way in which you spend your time an activity log is highly effective.It is easy to to believe that you spent all your day working if you work purely from memory
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• Types of Estimates – Top-down (macro) estimates: analogy‚ group consensus‚ or mathematical relationships – Bottom-up (micro) estimates: estimates of elements of the work breakdown structure Why Estimating Time and Cost Are Important • Estimates are needed to support good decisions. • Estimates are needed to schedule work. • Estimates are needed to determine how long the project should take and its cost. • Estimates are needed to determine whether the project is worth doing. • Estimates are
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