Resource Plan and Project Budget LOOM.02.124

Transcript:Resource Plan and Project Budget LOOM.02.124:
Resource Plan and Project Budget LOOM.02.124 Project Management By Dr. Kairi Põldsaar Resource Plan Types of Resources Services – outsourcing, sub-contractors Labor – staff involved in the project Equipment – things needed during the project, and can be used later for other projects Materials – things needed for the project, can be part of deliverables/outcome Money – needed to aquire and maintain all the other resources Space – office, factory, etc. Time – amount of all the other resources needed depends on time variable Resource Plan A resource plan aims to use resources in the most efficient manner possible, thus contributing to the overall productivity of the project Important questions to ask while compiling resources plan: What are the roles of the project team? What are the procurement needs of the project? What types of contracts are required? Are there any pre-qualification methods needed? What criteria will be used to select contractors or vendors? How much of the budget is allocated to resources? How will performance be measured in the project? What policies and procedures will be used? Stages of Resource Plan Simple Resource Plan Example What Is a Budget? Surplus budget – profits are anticipated Balanced budget – revenues equal expenditures Deficit budget – expenses will exceed revenues Importance of Budget in Project Managment Types of Budgets Static budget – remains unchanged over the life of a budget/project Flexible budget – has relational value over certain variables Simple budget example Educational web-application Simple budget example furnishing a bakery kitchen Simple budget example Organising the Geology Autumn School + publishing the conference abstract book Explanatory memorandum (see the example on course webpage) 1) Outsourced services (total 14 488,00 EUR) Conference full-service (11 010,00 EUR) EXPLANATION how this cost has been achieved! Transportation of participants (2 240,00 EUR) EXPLANATION how this cost has been achieved! Printing/publishing (738,00 EUR) EXPLANATION how this cost has been achieved! Editing service (500,00) EXPLANATION how this cost has been achieved! 2) Purchased producs (total … EUR) 3) Wage costs (total … EUR) 4) Other transportation costs (total … EUR) 5) Overheads (total 704,34 EUR) Office supplies (106,05 EUR) EXPLANATION how this cost has been achieved! Communication (262,60 EUR) EXPLANATION how this cost has been achieved! Utility costs (335,72 EUR) EXPLANATION how this cost has been achieved! Basis for cost estimation Assignment 6 (due Monday - 29.03 @17:00) 1) Compile a simple budget for your projects, showing