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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Unit Cost Method
What is Project Unit Cost Method  

What is Project Unit Cost Method



 
 

Project Unit Cost Method is cost estimation (planning) method that stands for addressing a typical unit of project then multiplied by the total number of units necessary to complete the project, which allows calculating an overall cost estimate. As a standard unit you may take any functional element of the project, which will be duplicated along with the project performance. For example, when you need to erect a building you may calculate costs per floor (if there will be many typical floors in the building) or per one square foot, so the total number of floors or square foots will be multiplied by average planned costs to compute the total construction cost: if you need to construct a hotel of 10 floors where you will have 8 floors of business class rooms ($ 1 000000 USD per one floor) and 2 floors of luxury lodging ($ 2 000000 USD per one floor), then total projected costs will be 12 millions (8*1000000 + 2*2000000). These costs don’t include amounts that you need to pay for constructing stairwells, internal walls, elevators, etc, so when these expenses are added to the unit cost estimation the results become more accurate. 

 

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