Time, cost, quality and estimation guidelines

Time, cost, quality and estimation guidelines

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Project Management (MGT 258)

Unit 2: Estimating Project Time, Cost and Quality Planning

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of time, cost, quality and estimation guidelines.
• Apply the relevant concepts to a defined organizational or venture situation using evidence and stated assumptions.

Curriculum Scope

• Concept of project time, cost and quality
• Types of costs, Estimating guidelines for Times, Costs and Resources

Detailed Microsyllabus

1. Time, cost and quality

   1. Explain the three dimensions and their interactions.
   2. Define requirements and acceptable performance.
   3. Assess tradeoffs within a stated project.

2. Cost types

   1. Distinguish direct, indirect, fixed and variable costs where relevant.
   2. Separate project-specific and allocated costs.
   3. Use consistent cost boundaries.

3. Estimation guidelines

   1. Define scope and assumptions before estimating.
   2. Use relevant evidence and responsible contributors.
   3. Account for uncertainty and review estimates as information improves.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 124–125.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.