Lecture Project management in practice (6th Edition) – Chapter 4: Budgeting the project

The following will be discussed in this chapter: Methods of budgeting, cost estimating, improving cost estimates, budget uncertainty and project risk management, project risk simulation with crystal ball.

Sixth Edition

Chapter 4 Budgeting the Project

Figure 4­1

Budgeting

• Activity oriented budgeting are based on historical  data accumulated through an activity­based 

Estate Project (Partial)

Table 4­3

Project Budget by Task and Month

Forecasts

Resource Needs

Figure 4­2

Uncertainty Shown

Figure 4­3

Estimates of Project Cost at t0

Figure 4­4 (b)

Estimates of Project Cost at t2

Chapter 1: Single­Point Estimates

Table 4­5

Cash Inflow Estimates

Flows and Inflation Estimates

Table 4­7

Chart of Net Present Value

Statistics

Figure 4­9