Question: FORMATIVE ACTIVITY 18: Project costing Answer all the questions below by relating it to a project you are familiar with or have had experience within

FORMATIVE ACTIVITY 18: Project costing

Answer all the questions below by relating it to a project you are familiar with or have had experience within your organisation

US242914 SO2 AC2

[Total: 30]

List two projects in your division / unit and share your experiences with costing and budgeting managing these projects.

(10)

What are the keys challenges you face and how have you overcome these in the past?

(5)

Your finance department requires detailed budgets they want to understand the costing involved per line item. Share with your colleagues the level of detail required on projects to fulfil this requirement.

(5)

Why is it important to show not only the project cost but the future operating costs of projects?

(10)

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