answersLogoWhite

0


Best Answer

There are numerous challenges that are faced by managers in the process of project cost control. It is hard to ascertain the exact quantity and cost of the entire project and cost control becomes quite a task.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What challenges are faced by managers in the process of project cost control?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are key principles of the Perform Integrated Change Control process?

-Project managers need a method for identifying changes -Project managers should implement only approved changes -Project managers' main activity in change control is reviewing, assessing, and deciding on change requests -Project managers must address changes promptly.


What are key principles of the perform integrated change control?

Project managers need a method for identifying changes Project managers should implement only approved changes Project managers must address changes promptly Project managers' main activity in change control is reviewing, assessing, and approving or rejecting change requests


Why should project managers be concerned about project schedule issues?

Communication


What are the relationship between project managers and line managers?

The relationship between project managers and line managers is that the project managers divide the work among the line managers and the line managers report to the project managers.


Why the project manager has to create a specification for the project?

in order to define the phases of project from initial process, Planning process, execution process, control and supervision process and close out process


What is the difference between construction management and project management?

Construction project management is under closer scrutiny. The scope of project managers and construction managers differs significantly. Project managers are usually further up the organizational food chain and have more responsibilities. As the name implies, project management is the administration and control of project activities within an organization during the development phase. Every detail must be reported to the owner. construction project management is the straightforward management and control of construction activities within an organization, as the name implies. Each detail must be reported to the project manager. The process of overseeing a construction project is known as construction management. Professionals that supervise the construction stage of a new project are known as construction managers. Ordering construction materials, giving tasks to a construction crew, and collaborating with subcontractors are some of their responsibilities. They frequently work on a construction site, where they supervise a crew and ensure quality and safety during the construction process. Project management is a vast field that entails overseeing all aspects of a project, from conception to completion. Project managers are in charge of overseeing the entire construction process. Meeting with the client to discuss the first plans, hiring a team, and maintaining construction paperwork are all part of this process. Difference between project management and Construction managers Construction managers have fewer responsibilities than project managers. Project managers have more responsibilities than construction managers. Project managers must also consider the organization's food chain. Only internal construction activity is considered by construction managers. They must also consider land allocation, employee management, work assignment, and the employment of a construction manager, among other things. They solely consider construction activities, which include equipment, supplies, and assets. It is the project manager's obligation to offer the tools, resources, and support needed for the construction manager to accomplish the project. It is the obligation of construction to make effective and productive use of those tools and resources in order to complete the task. Project managers are needed in a variety of areas, including real estate, computer design, and so on. Only where construction work is being done are construction managers required.


How do the Direct and Manage Project Work process and the Monitor and Control Project Work process interact with each other?

The monitor and control project work process often generates change requests that, if approved, become inputs to the direct and manage project work process. work performance data, an output of the direct and mange project work process, is processed and work performance information becomes an input to the monitor and control project work process.


How much time do good project managers spend on each process group and why?

90 percent


How do the direct and manage project work processes and the monitor and control project work process interact with each other?

The monitor and control project work process often generates change requests that, if approved, become inputs to the direct and manage project work process. work performance data, an output of the direct and mange project work process, is processed and work performance information becomes an input to the monitor and control project work process.


How much time do good project managers spend on each process group?

The PMBOK suggests that project managers spend 75-90 percent of their time communicating. In my personal experience it is much closer to 90 percent.


Process checklist and project audits are components of which management process?

quality control


What is the plural of Project Manager?

Project Managers