Outline of the Presentation

o Your Course Instructor o How this Course will be Conducted o Self-Introduction by Course Participants o Rules for MPM Participants: The Dos and The Donts o Course Objectives o Course Text Books o Assessment of Course Participants o What is cost and Cost Managment on Projects o Cost Mgt Processes o Project Cost Mgt Overview

February 3, 2012

National Institute of Design and Analysis

Instructor profile
Sana Ullah Khan PE, PMP Academics:
o PMP Project Management Institute (PMI) USA. o Master in Project Management COMSATS Islamabad o MS Control Systems Engineering PIEAS Islamabad. o B.Sc Electrical Engineering UET Peshawar

Professional Work Experience:

o Project Manager Min of Ind. And Prod. GoP. o Pakistan Technical representative & Observer to France, Belguim and UK o Ex- Research Fellow at PEAC Constact: skhan@engrs.us

February 3, 2012

Sana Ullah Khan PE, PMP - Absyn University Peshawar

How This Course Will Be Conducted

15 Classes @ 3 Hours = 45 Hours
Holistic Subject Perspective Detailed Exposure Project Cost Management Areas & Methodology Completion of Course Outline Excellent Course Text Books Supplemented by Handouts Theme-Oriented MS PowerPoint Presentations Course Material Available at www.facebook.com Review of Case Studies Weekly Assignments / Midterm & Final Examination Extensive Class Interaction All Lectures and Communica-tions Exclusively in English

Guest Speaker and (Possible) Visit to a Project Site

February 3, 2012

Sana Ullah Khan PE, PMP - Absyn University Peshawar

Self-Introduction by MPM Participants

All MPM participants are requested to introduce themselves, individually and briefly, stating their: Full Name Higher Education Background Designation and Name of Employing Organization Project Management Courses Previously Attended Experience with Managing or Working on Projects Reasons for Interest in the MPM Programme Expectations from the MPM Programme

February 3, 2012

National Institute of Design and Analysis

Rules for MPM Course Participants: The DOs

Do listen to my lectures very attentively and carefully. Do ask questions or bring up relevant points for discussion in the classroom.

Do read the prescribed course literature. Some good advice for you: Read from the beginning of the course and NOT towards the end! You wont regret it.

If you have a course-related problem and seek counseling, I will be more then happy to anwer your queries.
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Rules for MPM Course Participants: The DONTs

Dont cheat in the sessional, midterm or final examinations

Dont follow the rote (Learning by Memorization) approach which you may have grown accustomed to since your schooldays. My PowerPoint slides are meant to serve as a subject guideline only and are NOT meant to be memorized. DO NOT reproduce the contents of the slides in any of your weekly as

February 3, 2012

National Institute of Design and Analysis

Learning Objectives of this Module

o Understand the Importance of Project Cost Management. o To acquaint the course participants comprehensively and at considerable depth with project Cost management. o Explain basic project cost management principles, concepts, and terms. o Discuss different types of cost estimates and methods for preparing them. o To motivate the MPM participants to apply their acquired knowledge to projects costs which they will be directly or indirectly involved. o To provide the course participants with the basic knowledge required for successfully qualifying certification examinations in project management offered by the PMI.

February 3, 2012

National Institute of Design and Analysis

Course Text Books

o PMBok Guide- 4th Edition by Project Mgt Institute USA.

o Information Technology Project Management- Fourth Edition

February 3, 2012

National Institute of Design and Analysis

Assessment of MPM Participants

o The A-Student demonstrates a very high level of motivation to learn project management.

o The averagestudent is generally a good student whose work , though, does exhibit some noticeable qualitative deficiencies.

o Typical qualities of a horror student are, among other irritants, disinterest in attending class and listening to the lectures, chatting and horry to run outside the lecture hall, poor command over the English language, unwillingness to read the recommended project management course literature and do his or her assignments, and a tendency to rote learn.

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National Institute of Design and Analysis

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Assessment of MPM Participants

o Weekly Assignments (25 Marks) o Midterm Examination (25 Marks) o Final Examination (50 Marks)

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National Institute of Design and Analysis

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The Project Report

o A Project report of 20- 25 Pages would be submitted by groups (03 students each) two weeks before the final examination.
o Title Page o Table of Contents o List of Tables, Graphs, Charts and Abbreviations o Introduction o Research Objectives, Hypotheses and Methodology o Analysis o Conclusion and Recommendations o Appendix o Bibliography

o A good project report must be based on a sound concept and well researched information. o o The introduction should be brief (max. 3 pages). The research objective(s), hypotheses and methodology must be clear, concise, relevant and logical (max. 4 pages) The conclusions and recommendations (max. 2 pages) should sum up the reports essential findings and give recommendations. The appendix will contain any important support documents not included in the main text body; the bibliography section must include all documented reference.

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National Institute of Design and Analysis

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What is Cost and Project Cost Management?

o Cost is a resource sacrificed or foregone to achieve a specific objective, or something given up in exchange. o Costs are usually measured in monetary units, such as dollars. o Project cost management includes the processes required to ensure that the project is completed within an approved budget.

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National Institute of Design and Analysis

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Why Cost Mgt Important

Example of a typical IT Project

Collard, Ross, Software Testing and Quality Assurance, working paper (1997).

It is important to spend money on projects at the beginning to avoid spending a lot more later.

February 3, 2012

National Institute of Design and Analysis

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Project Cost Management Processes

Cost estimating: Developing an approximation or estimate of the costs of the resources needed to complete a project.

Cost budgeting: Allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.

Cost control: Controlling changes to the project budget.

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National Institute of Design and Analysis

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Project Cost Mgt Overview

February 3, 2012

National Institute of Design and Analysis

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