Project Cost Management (Manajemen Biaya Proyek)

Project Cost Management

Project cost management includes the processes involved in planning, estimating, budgeting, and controlling cost so that the project can be completed within the approved budget.

Project Cost Management

PM PROCESS GROUP
INITIATING PLANNING EXECUTING

PM PROCESS
7.1 Cost Estimating 7.2 Cost Budgeting -

MONITORING 7.3 Cost Control & CONTROLLING CLOSING -

Cost Estimating (Memperkirakan biaya)

Estimating schedule activity costs involves developing an approximation of the costs of the resources needed to complete each schedule activity.

Cost Estimating
Enterprise Environmental Factors Organizational Process Assets Project Scope Statement WBS WBS Dictionary Vendor Bid Analysis Analogous Estimating Determine Resource Cost Rates Activity Cost Estimates Bottom-up Estimating Activity Cost Estimate Supporting Detail Requested Changes Cost Management Plan (Updates)

Parametric Estimating
Project Management Software

Project Management Plan

Reserve Analysis Cost Of Quality

INPUTS

TOOLS & TECHNIQUES

OUTPUTS

Project Cost Management

PM PROCESS GROUP
INITIATING PLANNING EXECUTING

PM PROCESS
7.1 Cost Estimating 7.2 Cost Budgeting -

MONITORING 7.3 Cost Control & CONTROLLING CLOSING -

Cost Budgeting (Penganggaran Biaya)

Aggregating the estimated costs of individual activities or work packages to establish a cost baseline.
Project Scope Statement WBS WBS Dictionary Activity Cost Estimate Activity Cost Estimate Supporting Detail Project Schedule Resource Calenders Contract Cost Management INPUTS Plan Funding Limit Reconciliation Requested changes Parametric Estimating Cost Management Plan (updates) Reserve Analysis Project Funding Requirements Cost Aggregation Cost Baseline

TOOLS & TECHNIQUES

OUTPUTS

Cost Baseline

Project Cost Management

PM PROCESS GROUP
INITIATING PLANNING EXECUTING MONITORING & CONTROLLING CLOSING

PM PROCESS
7.1 Cost Estimating 7.2 Cost Budgeting 7.3 Cost Control -

Cost Control (Kontrol Biaya)

Influencing the factors that create cost variances and controlling changes to the project budget
Cost baseline Project Funding Requirements Cost Change Control System Performance Cost Estimate (updates) Cost Baseline (updates) Performance Measurements Forecasted Completion Requested Changes Recommended Corrective Actions Organizational Process Assets (updates) Project Management Plan (updates)

Performance Reports
Work Performance Information Approved Change

Measurement Analysis
Forecasting Project Performance Reviews

Requests
Project Management Plan

Project Management
Software Variance Management

INPUTS

TOOLS & TECHNIQUES

OUTPUTS

Earned Value (EV)

Earned value represents the amount of budget absorbed that you can claim representing the complete work, without reference to actual cost Eared Value tells us :

How

much it has cost to achieve what have been done to date Whether actual accomplishment is ahead or behind

Basic Values in Earned Value Analysis

The planned Value (PV): The sum of approved cost estimates for activities scheduled to be performed. The Earned Value (EV): The sum of the approved cost estimates for activities completed. The Actual Cost (AC): Total cost incurred in accomplishing work.

Basic Formulas in Earned Value

Cost Variance (CV) = EVAC Schedule Variance (SV) = EVPV Earned Value= EV = 100% complete*BAC Cost Performance Index (CPI) = EV/AC Schedule Performance Index (SPI) = EV/PV

CV<0 :?, CV=0 :?, CV>0 :?, CPI<1 :?, CPI=1 :?, CPI>1 :? SV<0 :?, SV=0 :?, SV>0 :?, SPI<1 :?, SPI=1 :?, SPI>1 :?

Estimate at Completion (EAC)

Alternative 1: EAC = Actual (AC) + (BAC-EV) Alternative 2: EAC = Actual (AC)+ New Estimate for Remaining Budget Alternative 3: EAC = Actual (AC) + (BAC-EV)/CPI

example

Thanks

Preparation of Project Cost

Resource Planning & Cost Estimating: For each item of work in the WBS: Cost = Quantity x Unit Rate Total project Base Cost = Sum of Cost for all WBS items Add various cost factors to Base Cost to arrive at Total Project Cost

Classification of Project Cost

Direct Cost

Direct Material Direct Labor Cost

Indirect Cost

Supervisory Cost Construction Equipment/Tools

Overhead Cost

Fringe benefits Office and its facilities