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5th Class lecture (Idea budgeting (Analysis of budgeting (Price =Utility,…
5th Class lecture
Project
charter
It is planning
of project
activities
Reason of project
Project justification
Project impact
Legal framework
Ethical framework
Moral framework
Scope
Reach of project
Financial scope
Welfare scope
Social scope
Idea
budgeting
Type of costing
Direct total cost
Breakup than total cost
Analysis of budgeting
Price =Utility
Price <utility
Price >utility
Cut extra costing if needed
Profit considerations
Choose
high optimisation techniques
i.e price <utility
Costing
procedure
Produce an estimate
Each idea base line budget
Each segment cost
Convert cost into percentage
Add cost of all segments
Example
guest is
coming home
We give them
Flowers
Juice
Snacks
Club
Dinner
Tea
Gifts
Calculate the cost
Cut down extra cost
Avoid club
Reduced the cost of food
Cut juice