Project costing (Project Management) Essay Example | Topics and Well Written Essays - 750 words

job hailing (Project Management) - Essay ExampleThis gives the essence of a project which should be a temporary thing outlaid within the limits of time. In respect of this fountain study, its imperative that the project estimation is facilitated so that the resources can be put into proper use. In a project like a construction of say a health facility, at that place tends to be three major players for the success of much(prenominal) endeavors. These factors are mainly time, quality and budget. In project vigilance circle, a lot of regard is attached to the attainment of the specified quality and this need to be within the stipulated project life so that there is no much deviation of the cost. It is therefore important that before a project like the wholeness in the case study take off, appraisal and evaluation is effectively carried out. It is common that time and cost tend to show an inverse relation and therefore it is always advisable that to cut time, there must be a co mpromise in the overall project cost (Smith, 1995). Any project management team must therefore be very considerate and extra careful when designing and implementing so that resources which tend to be costly are economized.In regard to the construction project referred to in this case study, cost stands out o be one of the thorny issues since it forms the better part of the implementation process. This is in the form of building materials, manpower and other costs like sunk and legal costs. It a deed easier to manage cost issues ones the network analysis has been drawn and simple breakdown of the work is put down. Project cost management will tend to be challenging since there is always the issue of uncertainties caused by natural disasters like floods, fire, earthquake and others which can alter the plan significantly. For this project proposal to succeed, cost attend is paramount. Beginning with the building materials, the client may decide to give tender wholesome to a given co ntractor so that even the cost