Projects Never Fail: A Critical Review on Estimation of Project Scheduling and Project Costing

Abstract

Uncertainty remains common in all projects. It is need to realize this uncertainty and have to minimize the effect of this uncertainty to achieve better project outcomes. To realize the project on truthful base it is required to develop project schedule and estimate project costing on reality bases. A lot of project scheduling and costing techniques and tools are used to measure the accuracy. The new systematic techniques increase project outcomes and also reduce the uncertainty from the projects.  This study will leads to examine thoroughly project scheduling and project costing. Then this study will guide project managers how to develop a project schedule and what factors are effecting on the project scheduling and a sample project schedule will also provide for project managers and students of project management. After that the major sources of project costing and the method to calculate the project cost will also provide. And the sample project costing sheet is also develop in this study. Both project scheduling and project costing will develop the professionalism among project managers and students of project managers which they can never think before this study and also enhance project outcomes.

Keywords: Project Scheduling, Project Costing, Uncertainty Handling and Project Success