COST MANAGEMENT OF PROJECTS USING A STANDARD PMBOK IN ENGINEERING PROJECTS
Journal Title: International Journal of Engineering Sciences & Research Technology - Year 2015, Vol 4, Issue 1
Abstract
Management method of cost project always is a key and effective agent on the success or defeat of a project. PMBOK describes all sciences related to project management cycle that contains some conventional styles as well as some initiative and modern sciences. Using PMBOK to understand about implementation of projects by confirmed budget is one of main benefits so. That is why, the cost management has been based on four plans include the resource, cost estimation, budget planning and cost control. On the other hand, each plan contains three parts such as input, output and processing. Therefore, all plans and parts help to operate the system in a framework of strategy defined and systematic idea so this trend indicates that each plan can be an input for next plan. In current study was surveyed a standard PMBOK in some of civil engineering and industrial projects in Iran. The actual concepts of the PMBOK were studied on the projects implemented to manage the cost. Obtained results of parametric models and cost estimates indicated that management of projects has been based on a standard PMBOK in Iran. Employers also observed a management view-point on implementation of projects instead of control as well as a systematic view on the projects ingredients.
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