Flashcards
COST MANAGEMENT
Cards in this deck (11)
- 1PLAN COST MGMTPROVIDES GUIDANCE AND DIRECTION OF HOW COSTS WILL BE MANAGED THROUGHOUT THE PROJECT
- 2COST MGMT PLANTHE WAY COST ESTIMATES SHOULD BE STATED
LEVEL OF ACCURACY
REPORTING FORMATS
RULES FOR IDENTIFYING, TRACKING, AND REPORTING COST PERFORMANCE
WHETHER COSTS WILL INCLUDE BOTH DIRECT AND INDIRECT COSTS
CONTROL THRESHOLDS
CHANGE CONTROL PROCEDURES REQUIRED FOR COST CHANGES - 3TYPES OF COSTSVARIABLE OR FIXED
DIRECT OR INDIRECT - 4VARIABLE COSTCHANGE WITH THE AMOUNT OF PRODUCTION OR WORK (COST OF MATERIAL, SUPPLIES, WAGES)
- 5FIXED COSTSCOSTS DO NOT CHANGE AS PRODUCTION CHANGES (SETUP, RENTAL, LABOR)
- 6DIRECT COSTSDIRECTLY ATTRIBUTABLE TO THE WORK ON THE PROJECT (TEAM TRAVEL, COST OF MATERIALS USED ON PROJECT)
- 7INDIRECT COSTSOVERHEAD ITEMS OR COSTS INCURRED FOR THE BENEFIT OF MORE THAN 1 PROJECT (TAXES, FRINGE BENEFITS, JANITORIAL SERVICES)
- 8CONTROL THRESHOLDSAMOUNT OF VARIATION ALLOWED BEFORE TAKING ACTION. DETERMINED IN PLANNING WHILE CREATING THE COST MGMT PLAN
- 9PLAN COST MGMT - INPUTSPM PLAN
PROJECT CHARTER
EEF
OPA - 10PLAN COST MGMT - TTEXPERT JUDGMENT
ANALYTICAL TECHNIQUES
MEETINGS - 11PLAN COST MGMT - OUTPUTSCOST MGMT PLAN
Information
- Description
- Flashcards on COST MANAGEMENT, created by Dee Sawyer on 21/03/2018.
- Created by
- Dee Sawyer · Mar 2018
- Updated
- Mar 21, 2018
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