Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How could you estimate cost for project cost 90.000 EGP and you have only 60.000 EGP without any shortage in quality ?

user-image
Question added by ahmed Atef , General Service Officer , Galea Group
Date Posted: 2015/03/31
Samer Odeh
by Samer Odeh , Projects Manager , Expertise House

Divide the project into phases and accomplish the phase which will cost90 or you can reduce the scop

Apply the Pareto principle (80/20): focus your attention on the20% of essential activities that will give you80% of what is important and must be done. It is a kind of scope re-adjustment. If you reduce the scope and this is agreed, you must also update your schedule, business case and anything else that is affected by this. Think, plan and then do. Good luck.

Muhammad Hamid Munir PMP
by Muhammad Hamid Munir PMP , Program Manager , Ericsson AB

Agreed with Prof Eddie Fisher. It is typical scope-adjustment scanario.

Haitham Abu Laban
by Haitham Abu Laban , Lead Cost & Planning Engineer , Ghanim International Co

use value engineering methods

hatem labib
by hatem labib , Quality control manager , MISER consultant

you can't reduce the cost by about30% without effect the quality so it is better to divide the project into stages and choose the payment method to cover every stage

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.