Beruflich Dokumente
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OF
“PROJECT MANAGEMENT”
Project management is the practice of initiating, planning, executing, controlling, and closing
the work of a team to achieve specific goals and meet specific success criteria at the specified
time.
Advantages:
COST ESTIMATION
A cost estimate is the approximation of the cost of a program, project, or operation. The cost
estimate is the product of the cost estimating process. Cost estimation is needed to provide
decision makers with the means to make investment decisions, choose between alternatives
and to set up the budget during the front end of projects. For this, estimates made by
vendors and contractors need to be validated by clients as well. In later phases of the
project, the budget estimate is used as a baseline to assess the performance of a project.
Order of
magnitude
Study
estimate
Priliminary
Estimate
Definitive
Estimate
Detailed
Estimate
Order of Magnitude: This estimate is made when a project has been identified and
the entrepreneur wants to get a rough idea of the investment so as to decide whether to
presue the project or not. Order of Magnitude Estimates are rough guesses made at the
very beginning of the project. At this time not much is known about the project and
everything can change as planning progresses. Order of magnitude estimates use
historical project data.
Study Estimate: This estimate is for studying the economic viability of the project
and also for arranging funds for the project. This factor takes care of civil, elecrtical,
piping, instrumentation, insulation and installation cost. The factors are vary
accordingly by the type of the plant and processing scheme.
Residential Projects
Current Projects:- Sunny Villas, Sunny Urban Greens, Sunny Heights, Sunny ECO
Floors
Accomplished Projects:- Sunny Enclave Greater Mohali, Sunny Enclave Patiala,
Whispering villas, Amazon Tower, Para-Dise Apartments, Sunny Views
Commercial Projects
Sunny Enclave is a beautiful township spread in over 400 acres in Greater Mohali. A
trans-urban development that redefines trendy and modern urban living. Pockets of
Commercial seemingly
They check the cost by checking the previous similar project done only by them.
For example: The project of kharar which is residential project, the total cost on it is 300
crore (Appox). Then they have to decide where they Want to start a similar project and the
cost of that project is this much.
If Sunny enclave wants to start the project in Ludhiana or Mohali then they decide according
to the previous project which cost 300 crore( Appox). This is called ORDER OF
MAGNITUDE.