Cost and Allocation of Resources

The first site I found to be helpful in gathering information on cost and allocation of resources is: http://www.cognitivedesignsolutions.com/Information/ProjectMgt.htm#Build. Since the "costs are compromised of all the resources to carry out a project"(Cognitive Design Solutions, 2003), the goals are to first estimate the costs by developing approximate tasks and/or resources that are needed; next is to define and share cost information, and lastly prepare to manage costs by tracking them to make sure you stay within budget.

As for managing resources tou have to track the progress on tasks, identify and resolve allocation problems and manage shared resources to make sure the project is cost effective and flexible as possible.

The second site I found is: http://university.uog.edu/cals/people/pubs/mgt/f217.pdf. The article is called "Understanding, Allocating, and Controlling Overhead Costs". It discusses ways to control overhead costs by departmentalizing and performing a break even analysis.


References

Kenkel, P., (n.d.). Understanding, allocating, and controlling overhead costs. Oklahoma State University.

Cognitive Design Solutions, (2003). Project management. retrieved from: http://www.cognitivedesignsolutions.com/Information/ProjectMgt.htm#Build