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Self-Study Guide for Project Cost Management

This self-study guide provides activities to help students learn about managing project costs as part of the BSBPMG533 Manage project cost course. The guide outlines six mandatory activities for students to complete, including watching an educational video on resource management, developing a household project budget, researching cost estimation methods, reviewing assessment requirements, and reflecting on their learning. Completing the self-study guide activities and bringing evidence to class is a course requirement to help students effectively learn about project cost management outside of formal lessons.

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Fawad Ahmad
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75 views4 pages

Self-Study Guide for Project Cost Management

This self-study guide provides activities to help students learn about managing project costs as part of the BSBPMG533 Manage project cost course. The guide outlines six mandatory activities for students to complete, including watching an educational video on resource management, developing a household project budget, researching cost estimation methods, reviewing assessment requirements, and reflecting on their learning. Completing the self-study guide activities and bringing evidence to class is a course requirement to help students effectively learn about project cost management outside of formal lessons.

Uploaded by

Fawad Ahmad
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Self-Study Guide-ASIA

BSBPMG533 Manage project cost

THE EARLY CHILDHOOD LEARNING COMPANY PTY. LTD. T/A ASTRAL SKILLS INSTITUTE OF
AUSTRALIA
ABN: 80 600 951 264 RTO: 41322 CRICOS: 03858C
Version 1.0
Level-6, Suite 6.01/138 Queen Street, (02) 4608 9972 [email protected] Release Date: NOV 2022
Campbelltown, NSW 2560 www.asia.edu.au Page No: 1
BSBWRT301 Write simple documents Trainer Guide

About this document

This document is to be used as a self-study guide at home/in your own time to complement the
formal learning you are doing as part of your classroom or online studies. It is a requirement of your
course that you complete the activities in this guide.
You will need to take your notes/completed activities to class, or follow your trainers direction about
how to complete activities.
If you are unsure about anything, talk to your trainer/assessor.

Self-study Guide

Unit code and title BSBPMG533 Manage project cost

Instructions You are to complete each of the self-study tasks below. Each activity
is a mandatory part of your study. After completing each of the tasks,
tick the box below to show that you have completed the activity and
bring evidence of this to class to share.

© 2020 RTO Works <RTO Name and ID>


Expected
Activity Task time Completed

Watch & research Watch one of the videos from the RTO Works 2 hours 
video series:

 Resource Management

Conduct your own research to answer the


following questions:

 Why is resource management important


when developing a project?

 How can resource management assist in


effective budgeting?

 What are some tools used for effective


resource management?

Practical activity Develop a budget for a household project. 4 hours 


Consider the following examples of project
costs:

 Cost of professionals (e.g. a contractor)

 Necessary equipment

 Materials

Once the budget has been developed, explain


how the costs will be managed and the
responsibilities for the management of costs.

Research Research methods most commonly used for 4 hours 


estimating project costs.
What is cost estimation and why is it necessary?
Which methods work best? How can you
analyse the efficiency of the method? Take
notes to share in class.

Review Review your assessment requirements for this 3 hours 


unit and read through your Project Portfolio so
you know what you will be required to do. Make
sure you review your Student Guide if you need
to revisit some areas of your training. Ask your
trainer any questions before you begin your
assessment to ensure you understand all of the
learning and are ready to be assessed.

Reflection Reflect on the following: 2 hours 

THE EARLY CHILDHOOD LEARNING COMPANY PTY. LTD. T/A ASTRAL SKILLS INSTITUTE OF
AUSTRALIA
ABN: 80 600 951 264 RTO: 41322 CRICOS: 03858C
Version 1.0
Level-6, Suite 6.01/138 Queen Street, (02) 4608 9972 [email protected] Release Date: NOV 2022
Campbelltown, NSW 2560 www.asia.edu.au Page No: 3
Expected
Activity Task time Completed

 Information learned during your training

 Your main key “takeaways” from this unit

 What did you learn that you didn’t know


already? How can you apply this in your
study/work/life?

 What did you find challenging or


confronting? How did you overcome these
challenges or barriers?

THE EARLY CHILDHOOD LEARNING COMPANY PTY. LTD. T/A ASTRAL SKILLS INSTITUTE OF
AUSTRALIA
ABN: 80 600 951 264 RTO: 41322 CRICOS: 03858C
Version 1.0
Level-6, Suite 6.01/138 Queen Street, (02) 4608 9972 [email protected] Release Date: NOV 2022
Campbelltown, NSW 2560 www.asia.edu.au Page No: 4

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