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# 19 MS Project 2016 ● Costs of Internal Ressources● Show or Hide Cost Overrun

4,840 views · Published 23 October 2016 · 16:11 · Indexed 12 October 2026

Channel: Vision 6D : Ms Project / AI Project Management /AI · 2016 · Science & Technology

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During my teaching we discuss how to cost or estimate the work of internal ressources. This is the case when several of your coworkers are assigned to your project. The discussion goes about how to estimate the cost and how to evaluate it, as as how to value the work if it’s not costed.
We will show two approaches for the same project
a) Not costing internal ressources
b) Costing internal ressources
You don’t need to have the exact cost of each resource.
This can highly influence the cost of your project.
We will show the example with the CRM project

We can use some of the reports to illustrate the situation 
Dashboard costs
• Without costing
• With costing of internal ressources
Dashboard work overview
• Without costing
• With costing of internal ressources

We will compare a cost change with the two ways and compare the results.
In this teaching you will see how to use baselines or references in costs as well as costs overrun reports and work summary reports.

Volunteer work
Volunteer work is also an important aspect, specially for NGOs or event management. Since volunteers by definition do not cost for their work. They might cost for some fees like meals, drinks, transportation, lodging.
So how to value this volunteer work if it’s not through costs.

What does your organization do?
Once we have seen all those situations what are organisations doing about internal costs.
Some do estimate their ressources as costs and integrate those costs in their budget as well do a cost tracking.
Some do not consider their internal ressources as costs in the project. This case is something I see quiet often. To this extend we can see the extreme with NGO working with volunteers that will not get a salary out of this work.

**** Project Cost Management ****
This is part on a series on project cost management. Where you will find the following topics: 

#PM 4.1 Introduction to Cost Management https://youtu.be/ThukOfMeVF8
#PM 4.2 Processes and activities https://youtu.be/fOy8rNwtHvE
#PM 4.3 Project Cost Management  https://youtu.be/o9XaDBySuyc
#PM 4.4 Estimation Introduction https://youtu.be/SRBHDh1HeKo
#PM 4.5 Estimation Steps https://youtu.be/W7Zj8X7JrB8
#PM 4.6 Estimation Methods https://youtu.be/-ut82jq8Ulg
#PM 4.7 Costs with MS Project https://youtu.be/AKYCSBrSbBA
#PM 4.8 Determine Budget https://youtu.be/WzIAaQyzMh0
#PM 4.9 Budget with MS Project https://youtu.be/AKYCSBrSbBA
#PM 4.10 Create a budget report with MS Project(soon)
#PM 4.11 What is the difference between costs and budget
#PM 4.12 Contingency Reserves and Management Reserves (soon) 
#PM 4.13 Reserves with MS Project: Margins / Slacks ● Successful Projects https://youtu.be/Oo6BtAuXNxQ
#PM 4.14 Managing and controlling Projects by Earned Value (soon) 
#PM 4.15 All Formulas for Cost Controlling a Project (soon)

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