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Please enable JavaScript in your browser settings or update your browser.Lernen Controlling Costs Through Budgeting, Tracking, and Reporting | Execution Phase
Projektmanagement
course content

Kursinhalt

Projektmanagement

Projektmanagement

1. Fundamentals
Project Management FrameworksPhases of Project ManagementMistakes to Avoid
2. Initiation Phase
What makes a good project kickstart? Defining Project RequirementsDefining Deliverables and Activities
3. Planning Phase
How to Create a Project PlanEstimating Time AccuratelyChoosing Your Communication Methods and Tools
4. Execution Phase
Organizing and Leading Effective Project MeetingsWriting a Project Status ReportControlling Costs Through Budgeting, Tracking, and Reporting
5. Closure Phase
Seeking Client FeedbackClosing a ProjectOverview

book
Controlling Costs Through Budgeting, Tracking, and Reporting

Four Benefits of Controlling Costs

A project's success depends on how well costs are managed. Every expenditure must be accounted for, controlled, and compared to your original projections. Here are four core benefits of controlling costs:

Creating a Project Budget

So, how do you create a realistic budget that takes all costs into account? It starts in the early stages of your project.

Then, once you have a clear idea of that time frame, perform one last check by asking the following questions:

  • Do I need a contingency allowance for unexpected expenses?
  • What's worked in the past for similar projects?
  • What are the expectations and opinions of my team and stakeholders?

1. What is the first step in creating a project budget?

2. Why is tracking and reporting expenses essential in project cost control?

question mark

What is the first step in creating a project budget?

Select the correct answer

question mark

Why is tracking and reporting expenses essential in project cost control?

Select the correct answer

War alles klar?

Wie können wir es verbessern?

Danke für Ihr Feedback!

Abschnitt 4. Kapitel 3

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course content

Kursinhalt

Projektmanagement

Projektmanagement

1. Fundamentals
Project Management FrameworksPhases of Project ManagementMistakes to Avoid
2. Initiation Phase
What makes a good project kickstart? Defining Project RequirementsDefining Deliverables and Activities
3. Planning Phase
How to Create a Project PlanEstimating Time AccuratelyChoosing Your Communication Methods and Tools
4. Execution Phase
Organizing and Leading Effective Project MeetingsWriting a Project Status ReportControlling Costs Through Budgeting, Tracking, and Reporting
5. Closure Phase
Seeking Client FeedbackClosing a ProjectOverview

book
Controlling Costs Through Budgeting, Tracking, and Reporting

Four Benefits of Controlling Costs

A project's success depends on how well costs are managed. Every expenditure must be accounted for, controlled, and compared to your original projections. Here are four core benefits of controlling costs:

Creating a Project Budget

So, how do you create a realistic budget that takes all costs into account? It starts in the early stages of your project.

Then, once you have a clear idea of that time frame, perform one last check by asking the following questions:

  • Do I need a contingency allowance for unexpected expenses?
  • What's worked in the past for similar projects?
  • What are the expectations and opinions of my team and stakeholders?

1. What is the first step in creating a project budget?

2. Why is tracking and reporting expenses essential in project cost control?

question mark

What is the first step in creating a project budget?

Select the correct answer

question mark

Why is tracking and reporting expenses essential in project cost control?

Select the correct answer

War alles klar?

Wie können wir es verbessern?

Danke für Ihr Feedback!

Abschnitt 4. Kapitel 3
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