Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

City of Sydney, projects within the Changing urban precincts program: https://www.cityofsydney.nsw.gov.au/building-new-infrastructure Kerzner, H 2017, Project management case studies,4th edn, John Wiley & Sons, Hoboken, New

City of Sydney, projects within the Changing urban precincts program: https://www.cityofsydney.nsw.gov.au/building-new-infrastructure Kerzner, H 2017, Project management case studies,4th edn, John Wiley & Sons, Hoboken, New Jersey.

on the above case study(city of sydney) we need all the below answers


Cost Management Plan

Identify processes, tools, and techniques to be used and documents to be developed as per your Project's requirements.

Define roles and responsibilities in cost management.

Mention estimating method (s): topdown, bottom-up Estimating techniques (analogous, parametric, three-point method)

List Cost elements (labour, material, variable cost) Types of cost (direct, indirect, fixed, variable) and define activity and work package wise cost estimates.

Include contingency reserves in the estimates

Represent estimates in a timephased manner to represent it as the cost baseline. Describe how monitoring and controlling of the Costs shall be done (EVA relevant to project cost including forecasting and variances)






Step by Step Solution

There are 3 Steps involved in it

Step: 1

Creating a comprehensive Cost Management Plan for a project like the Changing Urban Precincts Program in the City of Sydney entails several interconnected components Below is a detailed breakdown addr... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Control And Audit

Authors: Angel R. Otero

5th Edition

1498752284, 9781498752282

More Books

Students also viewed these General Management questions

Question

Multiply or divide as indicated. 490.35 100

Answered: 1 week ago

Question

Describe two of Georg Elias Mllers contributions to psychology.

Answered: 1 week ago