(ProjectCostManagement)

1st LecturePCM
MPM Fall2014
MPM

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PCM--Project Cost Management

PCM
Project budget and Project costs plays a key
role in the project success.
The Project Managers and their teams must
have a good understanding of what tools and
techniques are available and which ones to use
on their projects.
The goal of this course is to develop skills
required to effectively manage project
projectss cost
and budget.
Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MPM1- Islamabad. 2014.

ThePMBOK GuideFifthEdition

Apply to a wide range of projects.

Internationally recognized standard.
Essential tools for project management.
Global standard for project management.
Generally recognized Good Practices.
Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MPM1- Islamabad. 2014.

Project Management Processes

1. A Process is a series of actions directed toward a
particular result.
result
2. The project management is accomplished through the
appropriate
pp p
application
pp
and integration
g
of 47 p
project
j
management Processes Logically grouped in to 5
process groups.
3. The main activities of each PM process group can be
mapped
d into
i t 10 knowledge
kno ledge areas.
areas PMBOK Fifth
Edition 2013.

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Project Bouderies

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Balancing the competing project constraints

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Project is Sucessful when

when!!
Completedwithin
p
scheduledtime

S
Scopeachieved.
hi
d
Acceptedbythe
customer
Completedwithin
C
l t d ithi
approvedbudget

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Programme, Portfolio, PMO

1 Program: Group of related projects managed in a
1.
coordinated way to obtain benefits and control not
available from managing
g g them individually.
y
2. Portfolio: Collection of projects or programs and other
work that are ggrouped
p together
g
to facilitate effective
management of that work to meet strategic business
objectives.
3. PMO: A body responsible for centralized and
coordinated management of projects under its domain.
PMO Function:
F
ti
M
Managing
i shared
h d resources across all
ll
projects, Coaching , Monitoring compliance with
project management standards,
standards policies,
policies procedures,
procedures
and templates via project audits.
Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MPM1- Islamabad. 2014.