Recognition and Rewards

Managing project team:

The manage project team process is part of the executing process group and is where you actively manage the project team to make sure that they perform exactly according to the project management plan.

Stakeholders and sponsors:

Head of Department of Management of Information systems – Atymtaeva L.B. and Teacher of discipline "3D Graphics", main judge of the competition- Iulya Sutchenko.

The fourth major process is the management of the project team. Our team not so big, because of this doesn't have conflicts. All team members doing their tasks on time without conflicts.

If conflict appears PM should use the given technique:

• Withdrawing/Avoiding.

• Smoothing/Accommodating.

• Compromising.

• Forcing.

• Collaborating

Monitoring and controlling

Project Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.

The knowledge area of Project Cost Management consists of the following processes:

Process	Project Phase	Key Deliverables
Estimate Costs	Planning	Activity Cost Estimates, Basis of estimates
Determine Budget	Planning	Cost performance baseline
Control Costs	Monitoring and Controlling	Work performance measurements
Cost reporting	Monitoring and Controlling	-----

Estimating costs:

The first step in cost management is to estimate the costs of each activity in the project. Costs include both human resource and physical resource costs. To calculate the Activity Costs, I use the template “Activity-Cost Estimation Worksheet”.

The table below shows us the best price for the product. First calculate pessimistic price, then optimistic and the arithmetic mean will be the best price.

	No			Description			Estimated cost
				Room for 2 hour			5 000
			Projector for 2 hours		3 000
				Welcome drinks and snacks			5 000

The total project cost estimation is 13 000 tg.

Controlling the Costs

I will carefully monitor the cost of our project. This includes watching to see where actual cost has varied from estimated cost. Cost control also involves informing the stakeholders of cost discrepancies that vary too much from the budgeted cost.

To effectively control project costs, we will need to regularly monitor and measure the performance of the budget and revise forecasts as required. If the cost variances happen, we will define the reasons and solutions, by for instance, expanding budget, or cutting from other activities.

Дата добавления: 2015-11-14