project cost managemment

India
October 12, 2006 5:06am CST
what consideration is required to design project cost management system?
3 responses
@Anulesh (1581)
• India
24 Nov 06
No Idea
• India
27 Nov 06
ITS OK...
• India
27 Nov 06
ITS OK...
@nzk786 (453)
• India
28 Nov 06
Project management is the discipline of organizing and managing resources in such a way that these resources deliver all the work required to complete a project within defined scope, time, and cost constraints. A project is a temporary and one-time endeavor undertaken to create a unique product or service. This property of being a temporary and a one-time undertaking contrasts with processes, or operations, which are permanent or semi-permanent ongoing functional work to create the same product or service over-and-over again. The management of these two systems is often very different and requires varying technical skills and philosophy, hence requiring the development of project management. The first challenge of project management is ensuring that a project is delivered within the defined constraints. The second, more ambitious, challenge is the optimized allocation and integration of the inputs needed to meet those pre-defined objectives. The project, therefore, is a carefully selected set of activities chosen to use resources (time, money, people, materials, energy, space, provisions, communication, quality, risk, etc.) to meet the pre-defined objectives.
• India
28 Nov 06
sir thanks for providing valuable information about project management overview. i am requesting u to give some lights on specific area of project management. i.g. project cost management.
@psmohan (1882)
• India
12 Oct 06
Sorry i have less knowledge
• India
24 Nov 06
THANKS FOR RESPONSE