The document discusses project estimation and costing. It identifies different elements of a project like tasks, activities, work packages and costs. It explains different cost types like direct, indirect and time-related costs. It also discusses various cost estimation techniques like top-down, bottom-up and phased estimating. Tools for identifying resource requirements are also covered.

1. Project Management 3 Project Management 3 Future Managers

2. Module 4: Project estimation and costing Project Management 3 Future Managers

33. Practical 5 (Solution) Project Management 3 Future Managers

34. Practical 5 (Solution) Project Management 3 Future Managers

36. Activity 5 (Answers) Project Management 3 Future Managers

38. Project Management 3 Future Managers Deliverable Activities Resource Quantity Cost 1. Digging and laying the foundations Hire a trencher for the digging work Cement Machine + Operator 1 R500 p/h 2. Building of house Building of walls Put up roof Labour Labour; Material 4 x Builders 4 x Brick layers 8 x Labourers Rate per hour Rate per hour 3. Plumbing work Bathrooms; kitchen; Laundry Labour; Material 1 x Plumber 2 x Labourer Rate per hour 4. Electricity work Pipes; wire and plugs; light fittings Labour; material 2 x Electricians 2 x Labour Rate per hour 5. Paint work (outside and inside) Paint of outside and inside walls Labour; material 4 x Painters Rate per hour