Apply project management principles as they are currently applied to both governmental and non-governmental acquisition projects
Discuss and apply system acquisition principles
Explore the use of earned value management (EVM) systems to monitor and control cost and schedule performance
Illustrate current estimating, budget planning, and cost controlling methods and tools available to assist the project manager.
Use tracking and control techniques of cost, schedule, and technical performance for projects
Overview
Assignment
You are now ready to apply costing methods, tools, and techniques to your project. There are many of these available to assist you in determining your overall budget, as well as to estimate the durations for individual tasks. These methods could include the following:
Expert judgment
Analogous estimating
Parametric estimating
Bottom-up estimating
Three-point estimating
Reserve analysis
Cost of quality
Project management estimating software
Vendor bid analysis
Sample Solution