Project Management - Lecture 17 : Estimating Project Budgets

Master Project Management: Agile Strategies & Essential Tools for Success!

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28 learners

What you'll learn

Master key concepts and methodologies in project management, including Agile and traditional frameworks.
Develop skills to effectively select, plan, and execute projects using tools like Gantt charts and CPM.
Gain proficiency in managing project risks, stakeholder engagement, and conflict resolution.
Learn to utilize project management software for tracking, monitoring, and controlling projects.

This course includes

18.3 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

Project Management Prof. A. Ramesh IIT Roorkee NPTEL project cost management budgeting top-down and bottom-up budgeting work element costing iterative budgeting process Project budgets Importance estimation

Full Transcript

In this video, we will discuss the importance of project cost management, with a focus on budgeting and its significance. Topics covered include estimating project budgets, types of budgeting such as top-down and bottom-up approaches, reserve analysis, and risks associated with bottom-up budgeting. The discussion later encompasses work element costing, the iterative budgeting process, and budgeting within an Agile framework.