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英国论文代写范文精选-Project Cost Control

2016-06-13 | 来源:51due教员组 | 类别:更多范文

51Due英国论文代写网精选assignment代写范文:“Project Cost Control”,这篇论文讨论了项目成本控制的事情。随着社会的发展,市场竞争越来越激烈了,所以在项目中控制成本变得越来越重要了。控制预算的最佳方法有三点。首先,建立一个高效率的监督管理系统;其次,把影响成本预算的主要因素进行重要性排序;第三,项目负责人要用科学的控制方法去完成项目。

With the marketing competitiveness growing, it is more and more critical in budget control of each project. This paper discusses that in the construction phase, how can a project manager be successful in budget control.

There are many methods discussed in this paper, it reveals that to be successful, the project manager must concern all this methods. The survey shows that most projects encounter cost over-runs. According to Wright's research, a good rule of thumb is to add a minimum of 50% to the first estimate of the budget.

It indicates that project is very complex and full of challenge. Many unexpected issues will lead the project cost over-runs. Therefore, many technologies and methods are developed for successful monitoring and control to lead the project to success. In this article, we will discuss in the construction phase, how can a project manager to be successful budget control.

Erel and Raz state that the project control cycle consists of measuring the status of the project, comparing to the plan, analysis of the deviations, and implementing any appropriate corrective actions. When a project reach the construction phase, monitor and control is critical to deliver the project success. Project monitoring exists to establish the need to take corrective action, whilst there is still time to take action.

Through monitoring the activities, the project team can analyze the deviations and decide what to do and actually do it. The purpose of monitor and control is to support the implementation of corrective actions, ensure projects stay on target or get project back on target once it has gone off target. For the purpose of achieving cost target, the manager need to set up an efficient management framework including: reporting structure, assessing progress, and communication system.

The employees' responsibility and authority need to be defined in the reporting structure. The formal and informal assessing progress can help getting a general perspective between reality and target. It is significant to help identify what is the risk and should be monitored and controlled. Project success is strongly linked to communication. The efficient communication system benefit for teamwork and facilitate problem solving.

In construction phase, many activities are carried out based on the original plan. It is need to know what kind of activities or things are most likely to lead the project delay and disruption.

Therefore, the first step is ranking the priority of the activities. Because the duration of a project is determined by the total time of activities on critical path, any delay in an activity on the critical path will cause a delay in the completion date for the project. Therefore, the activities on critical path should firstly to be monitored and controlled.

Secondly, monitoring the activities with no free float remaining, a delay in any activity with no free float will delay some subsequent activity inevitably. These subsequent delays will discomfit the resource schedule significantly. Some resources are unavailable because they are committed elsewhere.

Thirdly, monitoring the activities with less than a specified float, because if an activity has very little float, it might use up the time before control decision is made once such an activities has a variance with the target.

Fourthly, managers should monitor high risky activities. High risky activities are most likely to overspend.

Fifthly, managers should monitor the activities using critical resource. Some resource is critical because they are very expensive or limited.

As a project is dynamic, sometimes the project managers know the project is going out off target by monitoring, but don't know the best action to take. In this circumstance, net present value should be used as an ongoing monitor and control mechanism, because NPV takes account of the time element and discounts future cash flows, it is the result of the time effect on cash.

Voropajev states that dynamic changes of project environment will influence the process of project implementation, the project itself and may cause heightened risk. When carried out some activities, the methods different from that in the original plan must be used to keep the process moving forward.

Therefore, changes are inevitable and need to be managed during project life-cycle. An effective change control system should be established to ensure change procedure is clear and unambiguous and easy for employee to request a change. And the following things need to be concerned: Monitoring and forecasting most probable changes Key factors that generate change to ensure good results; make sure that change must be checked by suitable person. Changes should take place once it is approved and be monitored to check whether it worked as expected. All changes in project should be recorded in the project documentation.

This article shows the best methods of budget control. First, an efficient control system must be set up. Secondly, It is required to recognize and rank the important factors affecting budget target. Thirdly, manager should combine different control techniques to reach the success of a project.

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