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Project Plan Budgeted Cost

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You've been given an overall budget for this project, but you need to refine it. Consider various ways to determine budgets for the individual tasks. What are the pro's and con's of each method? What is the role of the project manager in determining budgets for these tasks?

Recognize and achieve basic competency in technical areas of project management including PERT, CPM, Gantt, Work Breakdown Structures, and other forms of project planning and control.
Create a project plan from given elements of a project scenario.

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Solution Summary

The Project Manager should have Work Break down structure (WBS) before budgeting cost for each task. The Project Manager should use a combination of budgeting methods, explained above, to arrive at an accurate budgeted cost for each task. The Project Manager need to play multiple roles while budgeting for individual tasks.

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The Project Manager should have Work Break down structure (WBS) before budgeting cost for each task. The Project Manager should use a combination of budgeting methods, explained above, to arrive at an ...

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