BSBPMG533: Manage Project Cost - Appendix 2 Project Details
Project and Risk Management
28th May 2025
3
BSBPMG533 | Manage project cost
BSB50820 | Diploma of Project Management
The student is asked to read the project Instructions before completing this template.
Table 1 – Project 1
|
Project 1 |
|---|
|
Task 1 – Project scope |
|
Type of project |
|
|
|
Goals and objectives |
|
|
|
Your role and who you are working with |
|
|
|
Task 2 – Agree on cost management details |
|
Upload recording of meeting Share the ‘Meeting Outcomes’ documentation |
|
|
|
|
|
Task 4 – Cost management plan |
|
Financial objectives of the project |
|
|
|
Actions required to maintain finance objectives |
|
|
|
Resources required and their estimated maximum project costs |
|
|
|
Processes and procedures to monitor actual expenditure |
|
|
|
Potential causes for increased costs |
|
|
|
Cost control procedures including variation rates and approval requirements |
|
|
|
Task 6 – Financial report |
|
Paste the copy of your draft email to a stakeholder reporting on the status of the project.
|
|
Task 7 – Review outcomes, issues and document improvements |
|
Your evaluation of whether the tools used were effective or not in managing the budget against the agreed scope of outcomes and deliverables |
|
|
|
Your list of two cost management issues that occurred during the project’s lifecycle |
|
|
|
Your two recommendations for cost management processes for future projects |
|
|
Table 2 – Project 2
|
Project 2 |
|---|
|
Task 1 – Project scope |
|
Type of project |
|
|
|
Goals and objectives |
|
|
|
Your role and who you are working with |
|
|
|
Task 2 – Agree on cost management details |
|
Upload recording of meeting Share the ‘Meeting Outcomes’ documentation |
|
|
|
|
|
Task 4 – Cost management plan |
|
Financial objectives of the project |
|
|
|
Actions required to maintain finance objectives |
|
|
|
Resources required and their estimated maximum project costs |
|
|
|
Processes and procedures to monitor actual expenditure |
|
|
|
Potential causes for increased costs |
|
|
|
Cost control procedures including variation rates and approval requirements |
|
|
|
Task 6 – Financial report |
|
Paste the copy of your draft email to a stakeholder reporting on the status of the project.
|
|
Task 7 – Review outcomes, issues and document improvements |
|
Your evaluation of whether the tools used were effective or not in managing the budget against the agreed scope of outcomes and deliverables |
|
|
|
Your list of two cost management issues that occurred during the project’s lifecycle |
|
|
|
Your two recommendations for cost management processes for future projects |
|
|