Cost

18 pages were found with this tag.

Podcasts

What are Capital Projects?

In this episode, Ricardo explains what the differences between capital projects, also known as Capex (Capital expenditure) projects, and traditional projects, which are focused on a business operation, also known with Opex (Operational expenditure) projects.

Articles

Applying Neural Networks and Analogous Estimating to Determine the Project Budget

This paper aims to discuss the use of the Artificial Neural Networks (ANN) to model aspects of the project budget where traditional algorithms and formulas are not available or not easy to apply. Neural networks use a process analogous to the human brain, where a training component takes place with existing data and subsequently, a trained neural network becomes an “expert” in the category of information it has been given to analyse. This “expert” can then be used to provide projections given new situations based on an adaptive learning.

Podcasts

Cost Estimating – Part 2 of 3

In this episode, Ricardo continues to talk about cost estimates, explaining how to use the capacity factor to calculate costs when there is economy of scale.

Podcasts

Cost Estimating – Part 1 of 3

In this episode, the first in a series of three podcasts on costing, Ricardo talks about the types of analysis that we can do during the project cost estimation.

Podcasts

3 Success Factors in the Procurement Process

In this podcast, Ricardo talks about the dangers of underestimate the complexity of the procurement management. He gives three tips on how we can increase the chance of success in our projects. They are: 1 - Seek knowledge about what will be purchased; 2 - Analyze the total cost of acquisition,...

Podcasts

Make or Buy Decision

In this podcast, Ricardo talks about the choice of producing a work or service internally or purchase thru a supplier. He shows five items that are important when making the decision and also explains that there are other important criteria for choosing to make or buy than the costs involved.

Podcasts

Identifying the Project Vital Signs

In this podcast, Ricardo makes a comparison between monitoring of the project and monitoring of a patient in an Intensive Care at the hospital. He explains that the Project Manager should monitor since the beginning, the project vital signs and based on these signals, identify deviations and take...