Estimation methods and cost management

Estimation methods and cost management

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 estimation methods and cost management.
• Apply the relevant concepts to a defined organizational or venture situation using evidence and stated assumptions.

Curriculum Scope

• Top-Down versus Bottom-Up Estimating
• Methods of Estimating Project Times and Costs
• Project Cost Management

Detailed Microsyllabus

1. Estimation approaches

   1. Compare top-down and bottom-up estimating.
   2. Assess suitability by project stage and information availability.
   3. Identify aggregation and consistency issues.

2. Methods

   1. Explain analogous, parametric and detailed estimating where applicable.
   2. Calculate illustrative time and cost estimates from stated inputs.
   3. Document assumptions and uncertainty.

3. Cost management

   1. Develop a cost baseline and funding view.
   2. Monitor commitments and actual expenditure.
   3. Review changes and forecast remaining costs.

---

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.