Questions tagged [cost-management]

Cost Management is an organizational methodology by which a company controls and plans the costs of doing business.

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2answers
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The meaning of & Calculating Project Budget

I'm very new to the whole Project Management world, so this question may be at the beginners level, anywho: What is the Budget Cost compared to the full Cost of the Project?, based on the research I ...
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2answers
227 views

Agile team management strategy for small projects [closed]

I would like to thank StackExchange - Project Management group for providing me with full support and guidance to move forward in my career path. I'm now a Project Manager and a Junior web and ...
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Difference between “Earned Value” and “Contribution Margin”?

I have been searching here and there for the meanings of "Earned Value" and "Contribution Margin", it doesn't seem to make sense to me why so many project could have a positive(+) Contribution Margin, ...
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Microsoft Project: How to represent salaried employees?

I can't figure out how to represent salaried employees in Microsoft Project. I created a 24 month schedule, and assigned a $100/year resource to a 12-month task. I ran into two problems: I expected ...
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5answers
225 views

Rent total cost prediction

I have a project management course now. One of points of my project requires me to rent a territory, and I need to include its cost in the project's total cost. The first thing I thought was to ...
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2answers
855 views

Microsoft Project - View Resource Cost for a Specific Timeframe

Using Microsoft Project 2010, how do I view how much a resource costs the project between a specific time period? For example, I want to view how much the "HR" resource cost the project between ...
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1answer
116 views

Project Planning For Merchant-based Software

I'm quite new to project management. I have a software project in mind and would like to manage it the correct way. The app basically allows movie theater owners to announce their upcoming movies, ...
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7answers
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Can we use a electronic Kanban board to track actual time spent?

My title sums up my question pretty well. We're investigating whether we can use a Kanban-based system to manage and track some internal projects and one of our requirements is to track time spent on ...
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2answers
119 views

How can an EV be calculated when there are different versions of a project plan?

There is a project manager who is trying to come up with a way to calculate EV under a specific situation where there is a project management system which allows different versions of project plans. ...
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9answers
5k views

Should a project Manager include his own cost when costing a project?

Should a project Manager include his own cost when costing a project? I have included the cost of resources I have hired to work on the project, but should I include my own cost to the business in the ...
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2answers
237 views

Developing a digital strategy

I work in Australia for one of the world's largest companies. Our marketing team has a large budget for IT (information technology) projects but has very little direction or guidance in the way that ...
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1answer
198 views

What is the cost of a Software Department in a Software Company? [closed]

I'd like to know what is the approximate cost of a software department (Product + R&D) in a typical startup (20 employees)? For example, considering the others departments are sales, accounting, ...
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2answers
27k views

How to calculate / estimate the cost for one man hour?

I want to know what are all the things need to add for one man hour costing. How to calculate / estimate it?
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6answers
656 views

What techniques are necessary to convince (upper) management to abandon a project once time has been invested?

I want to convince my manager and (probably) his manager that a project needs to be scrapped and we need to purchase an off-the-shelf solution. Somehow it was recommended that, rather than use a pre-...
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4answers
3k views

Is it possible to reduce costs by crashing a project?

I'm working on a study assignment, which involves creating a WBS and GANTT chart for a 6-month project. Then I'm supposed expedite one of the tasks by increasing resources to it, thus decreasing the ...
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6answers
191 views

What lessons in budgeting a project a PM should remember? [closed]

In budgeting cost of the overall project, what should the PM remember? What are the do's & don't s when dealing with the budget of the project?
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7answers
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A project manager should know how much his/her project members earn monthly?

A project budget includes fixed and variable costs. In most cases (especially in weak matrix and pure functional organizations) salaries of project members are variable costs. In order to calculate ...
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2answers
2k views

how to apply the fixed and variable costs on the WBS to estimate the profit?

I have been asked to estimate the profit that could be achieved for a portfolio for IT training courses. I have to estimate the income and the fixed and variable costs and hence the profit. I made ...
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3answers
3k views

Should every WBS item map to a single “charge number”?

Assuming you are running projects where every employee submits their time in a corporate accounting system like SAP or Deltek, should every project always define charge numbers for every WBS item? ...
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2answers
149 views

What will be the standard increase of price from a Time and Material to a Fixed Price?

Knowing there are pros and cons for each type of procurement contracts. I am trying to find the real price % increase from a time and material contract with specific scope to a fixed price. As an ...

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