Cost Estimates and Quality Management Plan for Project Management and Corporate Finance

Corporate Finance

Contents
INTRODUCTION......................................................................................................................3
TASK 1......................................................................................................................................3
Develop cost estimates with the help of project schedule......................................................3
Compare two cost control techniques....................................................................................6
TASK 2......................................................................................................................................7
Prepare a quality management plan and provide at least two tools for managing the quality
of project................................................................................................................................7
CONCLUSION..........................................................................................................................8
REFRENCES.............................................................................................................................9

INTRODUCTION
Planning and Budgeting is a systematic application that assists with putting top down
targets and create a bottom - up budget plan, which is at the establishment of the association's
tasks. It assists the executives with assessing business options and set monetary targets, and it
empowers the association to work agreeably, revaluating the revenue estimates, changing
beginning and end dates and adjusting goals (Chadha and Sharma, 2019). This report is based
on the cost estimates and the activity budget baseline. The cost control methods techniques
are elaborated with respect to the cost management principle. Further, quality management
planning is done and two different tools and explained.
TASK 1
Develop cost estimates with the help of project schedule.
ACTIVITY COST ESTIMATES
Project Title:
W
BS
ID
Resourc
e
Dir
ect
Cos
ts
Indi
rect
Cost
s
Rese
rve
Esti
mate
Meth
od
Assump
tions/
Constra
ints
Additio
nal
Inform
ation
Ra
nge
Confid
ence
Level
1 Informat
ion
Compila
tion
N/A
1.1 Review
Filed
Sales
reports
0.1
1
0.1 0.02
75
0.134 Param
etric
N/A 0-
0.2
15%
1.2 Conduct
tech
capabilit
ies
assessm
ent
0.3
0
0.02 0.07
5
0.335 Analo
gous
N/A 0-
0.5
10%
2 Marketi