This unit describes the 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.
The unit applies to individuals responsible for managing and leading a project in an organisation, business, or as a consultant.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
- manage project cost on at least two occasions.
- monitor costs across a project’s life cycle including solving cost variations and analysing possible alternatives
- record expenditure, create accurate financial reports and review cost-management processes.
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
- appropriate budgeting processes, tools and techniques
- methods and tools for costing and cost analysis
- strategies for managing costs and their application in different situations
- processes for reviewing costs against outcomes
- cost-analysis methods and tools for identifying and evaluating cost variations
- key organisational policies and procedures applicable to this role.
Capital-Cost-and-Control.jpg- Teacher: Gazi Habib
- Teacher: Monjurul Hoque
- Teacher: Yolanda Liu
- Teacher: Anthony Zheng
This unit describes the skills and knowledge required to manage time during projects. It involves determining and implementing the project schedule, and assessing time management outcomes.
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
- manage project time on at least two occasions.
- develop a project schedule using project management tools and techniques
- conduct a review of project scheduling and recommend improvements for the future.
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
- estimation techniques to determine task duration and resource effort
- procedures for identifying critical path
- procedures for managing project baselines, establishment and variance
- project life cycle phases
- best-practice time management methodologies, their capabilities, limitations, applications and outcomes
- key tools for project scheduling
- work breakdown structures and how they apply to project schedules.
- Teacher: Gazi Habib
- Teacher: Yolanda Liu
- Teacher: Anthony Zheng
1. this course is for BSB60120 - James ZHENG on 17/02/2023.
2. the category changed from VET /BSB60120 Advanced Diploma of Busines (Training Package 7.0) /2021/Term 3_Block B, 2021 to VET /2021 /TERM 3 by James ZHENG on 17/02/2023.
- Teacher: Yolanda Liu
1. this course is for BSB60120.
2. the category changed from VET / BSB60120 Advanced Diploma of Business (Training Package 7.0) /2021 / Term 3_Block A, 2021 to VET /2021 /TERM 3 by James ZHENG on 17/02/2023.
- Teacher: Yolanda Liu