Cost 2 – Project Manager – Australia's online resource for project management professionals

6 reasons to stop funding a project

When considering a request for additional funding there are three types of funds: sunk funds, the ‘money at risk’ (to be spent in the next phase) and the remaining projected cost of the project. But when should you stop funding altogether?

April 19, 2012

Devils in detail and project estimating fallacies

Project estimating costs and durations can be done in great detail using Excel or more sophisticated tools. However, detailed is not synonymous with accurate! Pat Weaver provides a more pragmatic approach to estimating time and costs on a project.

April 18, 2012

Cost
Time

NSW in infrastructure project shake-up

Infrastructure NSW chairman and former NSW Premier Nick Greiner says the organisation will be expected to shake-up the way projects are conceived in New South Wales.

September 22, 2011

Reducing the cost of project rework

You can lose value because you lack overall clarity across all levels of the project, allowing up to 35% of project time to be spent on rework. While you don’t want rework to be zero, you don’t want it to be above 15%.

July 7, 2011

Blogs
Cost

Missing: one project business case

True or false: A business case is the document required to attain funding for the project. False! The business case is the project, say TOP founders Alexandra Chapman and Jed Simms. Then why does the business case too often go missing in action once the project begins?

July 6, 2011

5 ways to improve IT project cost management

There is plenty of well documented research about how poorly costs are managed on IT projects. Here are 5 ways to improve project estimating and cost management.

June 8, 2011

Project cost management and the PMO

Is cost management the role of finance, the project manager or the PMO? A word on project manager overload.

June 7, 2011

Project costs in translation

Project managers are expected to complete a project within budget, and to do this they monitor actual cost reports against planned budget spend.

June 2, 2011

Cost

Alliancing benefits and challenges in infrastructure projects

Alliance contracting offers an unprecedented way to create a strong synergy between partners to deliver a project too complex for traditional ‘hard dollar’ procurement and delivery methods. It brings together several organisations including the client, such as a government infrastructure agency or utility; and non-owner participants such as a civil engineering firm and a constructor, as well as technical specialists as required.

March 31, 2011