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What are the major types of costs Which costs are controllable by the project manager?
Wiki User
∙ 10y ago
Estimating the cost of a project varies based on the industry, the type and scope of the project undertaken and the time frame for completing the project. While the variables of any given project may change according to circumstances, there are four main elements of project costing found in most all project cost estimations.
a. pre-planning
b. material costs
c. human resources
d. operating costs
Wiki User
∙ 10y ago
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What is the difference between project manager and assistant project manager?
The difference is the assistant project manager has to confer with the project manager on major decisions.
What is the difference between Project Owner vs Project Sponsor?
A Project sponsor is the individual or group who provides financial or management resources for the project. A sponsor has a major stake in the project and may take an active role on the project team from time to time.A Project manager provides day-to-day direction on a project and is usually seen as the person "in charge" of the project. The Project Manager may be the Project Owner, but, depending on the nature of the project, these positions can be held by different people
What are the major roles and responsibilities of a project manager Explain?
The job (role) of a project manager is extremely challenging and thereby exciting. Depending on the organizational structure of your organization, you may be reporting to a functional manager, a program manager, a portfolio manager, or to some other manager or executive. Nevertheless, it is your responsibility to work with your team and other relevant individuals and groups, such as program managers and portfolio managers, to bring all the pieces together and make the project happen i.e., to achieve the project objectives. To do this, you need a range of skills and capabilities. They are: 1. Communication 2. Negotiation 3. Problem Solving 4. Influencing 5. Leadership
Why is it necessary to have someone acting in the role of project management?
It is important to have a project manager in any major project that is to be executed. Projects need to be broken down into different stages and the sequence of execution must be followed religiously to ensure project completion. Also, considering the nature of man that would be used as manpower to carry out the project, the involement of a Project Manager is necessary to cordinate, monitor and manage both human and material resources in order to take the project to a complet stage as well as reducing cost. Most projects are abandoned both by individuals and governemt as a result of inadequate supervision and monitoring. Therefore, project managers play vital role to the success of any project and most not be ignored.
How limitation of resources is a major constraint in project management?
Limitation of resources is a major constraint in Project Management. Discuss.
What is non controllable cost?
Non controllable costs are those things over which the manager has no control. One example is the need to replace a major piece of equipment due to breakage.
What is the difference between project manager and assistant project manager?
The difference is the assistant project manager has to confer with the project manager on major decisions.
Are all fixed expense controllable or uncontrollable?
"Controllable by whom?" should be the first consideration.A controllable expense is one that the manager responsible for controlling that particular expense has some influence over. So if you look at any given fixed expense, it may be controllable by manager X, while it is uncontrollable by manager Y, if Y has no control over it.In the short run, fixed costs may be controllable ORuncontrollable.If the fixed expense is discretionary (for example, a fixed budget of $500 a year for his department's annual summer outing), the manager can cancel the outing without affecting production (except to the extent that department morale is affected, and that is not a measurable accounting cost.). The $500 would be a fixed controllable cost to the manager, because he can avoid the expense entirely by cancelling the outing.However, the amount of monthly rent paid on a factory building is usually a fixed cost that the factory manager cannot change, and so it is a fixed uncontrollable cost to the manager because it is non-discretionary for the manager.The major purpose of dividing variable and fixed costs into "controllable" and "uncontrollable" costs is to aid in evaluating a manager's performance, in order to to hold him responsible only for controlling the expenses that he or she could have controlled, i.e., those expenses that he or she had both the responsibility and the authority to control.
What are the basic controllable variables of a product planning problem What are the four major costs?
Controllable Variables are: utilization, work force level, production resource employment, and production lot size/sequencing of production runs. The major costs include: equipment installment, production & setup and inventory holding/processing.
What is the role of the project manager?
Project Manager's roles are to successfully bring a project to a completion. They should successfully give proper planning, organization, and managing resources to the project. The main issue of being a project manager is being able to effectively reach all of your goals, some major constraints are time, scope, and budget.
A major weakness of flexible budgets is?
they force the manager to compare actual costs at one level of activity to budgeted costs at a different level of activity.
What is the role of a project?
Project Manager's roles are to successfully bring a project to a completion. They should successfully give proper planning, organization, and managing resources to the project. The main issue of being a project manager is being able to effectively reach all of your goals, some major constraints are time, scope, and budget.
What is the difference between Project Owner vs Project Sponsor?
A Project sponsor is the individual or group who provides financial or management resources for the project. A sponsor has a major stake in the project and may take an active role on the project team from time to time.A Project manager provides day-to-day direction on a project and is usually seen as the person "in charge" of the project. The Project Manager may be the Project Owner, but, depending on the nature of the project, these positions can be held by different people
What are the major roles and responsibilities of a project manager Explain?
The job (role) of a project manager is extremely challenging and thereby exciting. Depending on the organizational structure of your organization, you may be reporting to a functional manager, a program manager, a portfolio manager, or to some other manager or executive. Nevertheless, it is your responsibility to work with your team and other relevant individuals and groups, such as program managers and portfolio managers, to bring all the pieces together and make the project happen i.e., to achieve the project objectives. To do this, you need a range of skills and capabilities. They are: 1. Communication 2. Negotiation 3. Problem Solving 4. Influencing 5. Leadership
What is a role of a project manager in an NGO?
A project Manager is a person who has complete responsibility for the successful planning and execution of the project. He/She must possess a combination of skills including the ability to resolve interpersonal conflicts, detect penetrating assumptions as well as systematic management skills. Also, assigning the resources the project activities and packages. Managing complete life cylce from planning, executing, controlling to closing phases. Desigining high availibility architecture and limiting services.
What is the average pay rate for a project manager?
Depends on the country you're in. For the average pay rate of some of the major countries, please check the related link.
What are major team roles in SDLC?
There are five major teems role: 1. Business analyst 2. System analyst 3. Infrastructure analyst 4. Change Management analyst 5. Project manager
