BSBPMG533 - Manage project cost

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Unit code: BSBPMG533 | Study level: TAFE
Credit points
N/A
Location
Online
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to identify, analyse and refine project costs to produce a budget, and to use this budget as the principal mechanism to control project cost.The unit applies to individuals responsible for managing and leading a project in an organisation, business, or as a consultant.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit’s learning outcomes & performance criteria requirements, incl the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.
Students will be expected to demonstrate the following required skills:
* manage project cost on at least two occasions.
In the course of the above, the candidate must:
* monitor costs across a project’s life cycle including solving cost variations and analysing possible alternatives
* record expenditure, create accurate financial reports and review cost-management processes.

Students will also be expected to demonstrate the following knowledge:
* appropriate budgeting processes, tools and techniques
* methods and tools for costing and cost analysis
* strategies for managing costs and their application in different situations
* processes for reviewing costs against outcomes
* cost-analysis methods and tools for identifying and evaluating cost variations
* key organisational policies and procedures applicable to this role.

Required reading

The qualified trainer and assessor will advise students of class notes, reading materials produced by VU Polytechnic and further support via VU Polytechnic e-learning system and/or in person.

As part of a course

This unit is studied as part of the following course(s):

Diploma of Project Management
BSB50820 | Diploma | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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