Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBPMG514A Mapping and Delivery Guide
Manage project cost
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | BSBPMG514A - Manage project cost |
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Description | This unit describes the performance outcomes, skills and knowledge required to identify, analyse and refine project costs to produce a budget, and to use this budget as the principal mechanism to control project cost. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to those responsible for managing and leading a project in an organisation, business or as a consultant.The project manager operates according to assigned authority levels, and is responsible for own performance and the performance of others.The project manager may undertake the work in the context of an organisational program and/or portfolio of projects.This unit has generic application for projects in a range of industries, organisations and contexts. In the context of this unit a project is defined as involving:a comprehensive, detailed and integrated project management plana formal communications plana dedicated and project-based budgetformal and planned engagement with a wide range of stakeholdersa documented risk, issues and change-management methodologya quality plan with assurance and control processesa project team-based environment. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not applicable. | ||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Determine project costs |
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Element: Monitor and control project costs |
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Element: Complete cost-management processes |
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