One of the most important duties of the project manager is to ensure that the project is completed within the budget and without using any more resources- such as employees, raw materials, equipment, and technology- than necessary. In other words, efficiency is just as important as effectiveness in determining whether or not a project was successful. Learning cost and resource management is crucial to achieving project efficiency. To help you learn this skill, we have created this course. It is the second in a series of courses on project management for beginners, and it will teach you a number of skills including conducting a feasibility analysis for your project, tips for keeping your costs under control, and strategies for prioritizing the three project constraints. Learning objectives: – Learn the meaning of a feasibility study – Learn why you should conduct a feasibility study – Learn what makes a project feasible – Learn when you should conduct a feasibility study on your project – Learn the steps to take to conduct a feasibility study – Learn how to create a feasibility report – Learn six tips for effectively managing resources – Understand why you should create a project budget – Learn the different monetary factors to include in a project budget – Learn 7 tips for creating a project budget – Understand the importance of cost management – Learn the different processes involved in cost management – Learn a template for creating a project budget – Learn to differentiate between costs that are easy to measure and those that aren’t – Learn six tips for managing your costs – Learn six tips for completing your project under budget – Learn six tips for tracking your expenses – Learn the three constraints that projects typically have – Learn how to prioritize these constraints
FAQ
Most frequent questions and answers
Co-operative education is a three-way partnership between the university, students and employers. Students apply their classroom knowledge in a series of four-month work experiences. You, the employer, enhance a student’s education, while reaping the unique benefits of CO-OP employees.
- Year-round access to well-motivated, qualified employees.
- Access to potential full-time staff in a controlled environment, reducing your costs and risks.
- Access to a cost-effective source of temporary employees for peak periods or special projects.
- A say in what students learn by working with the university.
- Promotion of your organization as one that believes in developing the potential of young people.
- Access to a great pool of French-speaking, English-speaking and bilingual students.
Most work terms run at least 15 weeks, or four months. They can be no shorter than 13 weeks. Some master’s students, as well as some science and engineering students, are available for 8 or 12 months’ work terms.
All jobs are reviewed by a CO-OP Program Coordinator, and only those providing students with work experience related to their professional development are approved. Administrative activities involved in a job should be less than 10% of the entire workload.
When you first contact SSC, you are assigned one of our Program Coordinators, depending on your discipline of interest. This person is your main contact in our office. As you move through the recruitment process, you also work with a representative from CO-OP Administrative Services, who assists with job posting and interview scheduling.
Internships offer usually one discipline-specific, supervised, structured paid or unpaid, and for academic credit work experience or practice placement.
Work Experience intersperses one or two work terms (typically full-time) into an academic program, where work terms provide experience in a workplace setting related to the student’s field of study and/or career goals.
Community Service Learning (CSL) integrates meaningful community service with classroom instruction and critical reflection to enrich the learning experience and strengthen communities. In practice, students work in partnership with a community-based organization to apply their disciplinary knowledge to a challenge identified by the community.
Field Placement provides students with an intensive part-time/short term intensive hands-on practical experience in a setting relevant to their subject of study. Field placements may not require supervision of a registered or licensed professional and the completed work experience hours are not required for professional certification. Field placements account for work-integrated educational experiences not encompassed by other forms, such as co-op, clinic, practicum, and internship.
