Week 4 Project

You will first examine the basics of project budgeting and costing. There is nothing unique to project management about these tools; they are adapted from accounting, finance, and related disciplines. You will discover how the project manager establishes the baseline against which the project will be evaluated relative to one of the main tenets of the triple constraint—cost. Then you will discuss project scheduling. In complete contrast to the pedigree of budgeting and costing, the pedigree of scheduling owes a lot of credit to the historical evolution of managing projects. As part of project scheduling, the project manager also evaluates other aspects of the triple threat, schedule or time. This week, you will also learn about resource loading and leveling. These topics are related both to the project cost and the project schedule. These techniques help in the allocation of predetermined resources against the project budget and the project schedule to see whether the project will operate smoothly without fits and starts because of resource limitations. Your Learning Objectives for the Week:

• Analyze requirements and scope for a project

• Organize elements of a project into a comprehensive plan that includes

both resource and time budgets