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break down the project into activities
estimate activityies time, human resources, and material
performance
First:break down the project into activities.
Second:each activity estimate their time, human resources, and material.
This estimates can be by some method, three point, Perl, or same project, I prefer Perl.
Finally: sum the cost of all activities and add on it the ratio of the over head of the organization, and the ratio of the plan b (risk plan b not plan a), and the ratio of the profit.
Then you have the cost, and the budget of each activity and the total of the project.
project breakdown to activities and tasks, then starting from the bottom, and estimating all resources needed for each task, which will get you to the project cost
BY USING SAP technology it will helps us in doing dat
The Process - Estimating Each Task
The Process - Preparing The Schedule
Project Cost depends on2 things time and performance.