Project Management Cost
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The 2017 PMI Pulse of the Profession® Report
In this episode, Ricardo comments on the Pulse of Profession® 2017 , an annual report published by the Project Management Institute (PMI). About 4,000 professionals worldwide were interviewed and one of the key indicators reported is that financial waste on unsuccessful projects has dropped by around 20%; Until last yet, it was about USD 122 million lost for every billion invested. This year, the value dropped to 97 million.
Understanding the Difference Between Cost and Price
In this podcast, Ricardo talks about the difference between cost and price. Many people are confused and Ricardo explains what's behind each one, differentiating them.
The cost of Project Management and the PMO
In this podcast, Ricardo talks about how appropriate the amounts allocated to the project management activities in the project. He explains that there is no an international standard to define the values, but there are good practices. Ricardo also explains that the percentage for the costs of project management is variable in relation to the total project cost, will be less on projects that cost more and more expensive in lower-cost projects.
The Cost of Project Management
In this podcast, Ricardo explains where the costs related to project management should be registered. He points that, according to surveys, the costs of project management range from 0.5% to 2% of the project total costs, and that, even though many people consider 1% to be expensive, when any error arises from the lack of an adequate management, the correcting costs are much higher than just 1%.
Types of Cost in Projects
In this presentation, Ricardo explains the types of costs that can be used in a project, and illustrates them.
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