PRINCE2 is a process-based method for effective project management.U can Study Prince2 and Itil For your Project,it will be helpful and u can solve ur cost estimation and cost control problem easily.
You could explore the interelationship of the four cost elements.
Fixed - Volume - Time - Percent.
One exercise I set in a seminar was to list all the elements needed to create a 10,000 m3 of concrete in an isolated site (no readymix) and allocate a cost element to each one.
Then reduce it to a cost per m3.
For instance just for the water you need:
Either a borehole & pump plus tank or a set of bowsers and a tank. Each of which will have a ratio of Fixed Time and Volume costs.
Member for
10 years 7 monthsHi Ahmed,PRINCE2 is a
Hi Ahmed,
PRINCE2 is a process-based method for effective project management.U can Study Prince2 and Itil For your Project,it will be helpful and u can solve ur cost estimation and cost control problem easily.
Thanks & Regards
Soniya
Member for
19 years 10 monthsHi AhmedYou could explore the
Hi Ahmed
You could explore the interelationship of the four cost elements.
Fixed - Volume - Time - Percent.
One exercise I set in a seminar was to list all the elements needed to create a 10,000 m3 of concrete in an isolated site (no readymix) and allocate a cost element to each one.
Then reduce it to a cost per m3.
For instance just for the water you need:
Either a borehole & pump plus tank or a set of bowsers and a tank. Each of which will have a ratio of Fixed Time and Volume costs.
Best regards
Mike Testro