John Riopel describes the business scenario used in the Managing Budget-Constrained Projects with Microsoft Project course, including how to to deal with different issues including budget constraints.
- You've been hired as a project manager by a top financial investment firm. They've asked you to upgrade their financial software and, most importantly, before they get started on this project, they would like to get a budget. They've given you some life-cycle phases to do that analysis with. They would like you to use a resource list that's categorized by a various type of cost types and understand standard and overhead rates. They also would like to have a custom view of those particular resources, and how much each of the labor categories, as well as the other categories, will be from a budget and cost perspective.
And lastly, they'd like a financial report on the project, before they get started, about where each of those funds was going to be needed, and how much. Since management hasn't provided you a budget number, all you need to do, is come up with an estimate for each phase and roll it up across the total project.
Note: This course was designed in collaboration with author Bonnie Biafore.
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- Setting up budget resource costs
- Setting up rate tables
- Creating budget resources
- Entering values for budget cost and work and expense resources
- Comparing costs to budget values
- Reviewing costs
- Managing and reducing project costs
- Adding actual costs