Download Cost and Value Management by Ray R. Venkataraman PDF

By Ray R. Venkataraman

Price and price administration in initiatives offers training managers with a radical knowing of a few of the dimensions of price and price in tasks, in addition to the criteria that impression them, and the managerial methods that may be most efficient for reaching price potency and price optimization. This e-book addresses expense from a strategic standpoint, supplying thorough assurance of a few of the parts of worth administration resembling worth making plans, worth engineering and cost research from the point of view of tasks.

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In general, a process-oriented WBS can be better integrated with the overall project, because the tasks can be delineated to the lowest level, while the product-based WBS is most useful for accumulating product cost information. In addition, hybrid structures that involve a combination of features from both product- and process-based structures can be used. 6. 5 Example of OBS In the present-day project environment, with its proliferation of computerized project management systems, both types (product and process) of WBS can be used.

The WBS is a hierarchical structure in which all of the major phases of project work are organized in a logical manner. Simply stated, it is a layout of how the work of the project ought to be performed and managed. The WBS links together the project scope, the schedule, and the cost elements, and forms the basis for the entire project information structure. It provides the framework that captures the project’s work information flows, as well as the mechanism for tracking the project’s schedule and progress.

Searching for these alternatives prevents the project organization from initiating a project without first ensuring that more efficient or effective options exist. The search for alternative approaches requires that the nature of the problem is clearly understood. This, in turn, enables the project team to get a clearer understanding of the project’s characteristics, including its unique features, and provides a variety of ways for initiating and implementing the The Statement of Work 23 project.

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