Self-Study Guide-ASIA

BSBPMG533 Manage project cost

THE EARLY CHILDHOOD LEARNING COMPANY PTY. LTD. T/A ASTRAL SKILLS INSTITUTE OF
AUSTRALIA
ABN: 80 600 951 264 RTO: 41322 CRICOS: 03858C
Version 1.0
Level-6, Suite 6.01/138 Queen Street, (02) 4608 9972 info@asia.edu.au Release Date: NOV 2022
Campbelltown, NSW 2560 www.asia.edu.au Page No: 1
BSBWRT301 Write simple documents Trainer Guide

About this document

This document is to be used as a self-study guide at home/in your own time to complement the
formal learning you are doing as part of your classroom or online studies. It is a requirement of your
course that you complete the activities in this guide.
You will need to take your notes/completed activities to class, or follow your trainers direction about
how to complete activities.
If you are unsure about anything, talk to your trainer/assessor.

Self-study Guide

Unit code and title BSBPMG533 Manage project cost

Instructions You are to complete each of the self-study tasks below. Each activity
is a mandatory part of your study. After completing each of the tasks,
tick the box below to show that you have completed the activity and
bring evidence of this to class to share.

© 2020 RTO Works <RTO Name and ID>

 Expected
Activity Task time Completed

Watch & research Watch one of the videos from the RTO Works 2 hours 
video series:

 Resource Management

Conduct your own research to answer the

following questions:

 Why is resource management important

when developing a project?

 How can resource management assist in

effective budgeting?

 What are some tools used for effective

resource management?

Practical activity Develop a budget for a household project. 4 hours 

Consider the following examples of project
costs:

 Cost of professionals (e.g. a contractor)

 Necessary equipment

 Materials

Once the budget has been developed, explain

how the costs will be managed and the
responsibilities for the management of costs.

Research Research methods most commonly used for 4 hours 

estimating project costs.
What is cost estimation and why is it necessary?
Which methods work best? How can you
analyse the efficiency of the method? Take
notes to share in class.

Review Review your assessment requirements for this 3 hours 

unit and read through your Project Portfolio so
you know what you will be required to do. Make
sure you review your Student Guide if you need
to revisit some areas of your training. Ask your
trainer any questions before you begin your
assessment to ensure you understand all of the
learning and are ready to be assessed.

Reflection Reflect on the following: 2 hours 

THE EARLY CHILDHOOD LEARNING COMPANY PTY. LTD. T/A ASTRAL SKILLS INSTITUTE OF
AUSTRALIA
ABN: 80 600 951 264 RTO: 41322 CRICOS: 03858C
Version 1.0
Level-6, Suite 6.01/138 Queen Street, (02) 4608 9972 info@asia.edu.au Release Date: NOV 2022
Campbelltown, NSW 2560 www.asia.edu.au Page No: 3
 Expected
Activity Task time Completed

 Information learned during your training

 Your main key “takeaways” from this unit

 What did you learn that you didn’t know

already? How can you apply this in your
study/work/life?

 What did you find challenging or

confronting? How did you overcome these
challenges or barriers?

THE EARLY CHILDHOOD LEARNING COMPANY PTY. LTD. T/A ASTRAL SKILLS INSTITUTE OF
AUSTRALIA
ABN: 80 600 951 264 RTO: 41322 CRICOS: 03858C
Version 1.0
Level-6, Suite 6.01/138 Queen Street, (02) 4608 9972 info@asia.edu.au Release Date: NOV 2022
Campbelltown, NSW 2560 www.asia.edu.au Page No: 4