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5th CLASS (PROJECT CHARTER (it is planning of project activities (impact…
5th CLASS
PROJECT CHARTER
it is planning of project activities
impact of project
legal framework
reasons of project
ethical framework
justification of project
moral framework.
e.g Charter of demand
Charter of Resolution Of Pakistan
methodology also depends on
budgeting
impacts
every methodology have separate impact on:
society
profitability
examples discussed
serving a guest
budget planning
costing of budget
arrangement of time
percent of all costs
Financial cost analysis
Breakup of budget into segments
Elimination of extra cost
budgeting conclusion
Rebudgeting if needed
metro bus project
management of cost if required
Loan can be Taken
Planning according to budget
Methodology can be changd to meet the price
SCOPE
It is reach of a project.
Welfare scope
impact on public welfare
positive impact
negative impact
Social scope
how many people in society get benefit
Financial scope
profit earning of a project
IDEA's BUDGETING/ FINANCIAL BREAKUP:
TYPES OF COSTING
costing after breakup of activities
PROCEDURE
Estimate cost of each segment
convert cost into percentage
Achieve a baseline budget for each idea
Add cost of all segments
Produce an estimate
analysis of budgeting.
check context (utility)
compare utility with price
PRICE = UTILITY
PRICE >UTILITY
PRICE ˂ UTILITY
utility should be cosidered for
society
environment
politically suitability
cut price to justify it
budget is balanced according to utility
cut extra costing if needed
Profit consideration
choose high optimization technique i.e;PRICE ˂ UTILITY
direct total cost estimation