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The Cost Management includes the processes involved in estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. Project managers must make sure that their projects are well defined, have accurate time and cost estimates, and have a realistic budget that they were involved in approving.
12 Οκτ 2019 · This book covers fundamentals of project cost management. The important topics covered include cost management planning, cost estimation, budget determination, and cost control.
PROJECT COST MANAGEMENT WHAT DOES THE COST KNOWLEDGE AREA INCLUDE? Processes involved in estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. Primarily concerned with resource costs of schedule activities. The work involved in performing the three processes of Project Cost
Project Estimating and Cost Management covers the fundamentals of esti- mating projects in a discipline-independent context. It covers the essentials of project estimating, progress monitoring, and cost management, and is intended for project professionals who need a quick overview of the process of estimating the cost of projects.
process include resource availability, schedule and cost data, earned value reports, and burnup or burndown charts. 190 Part 1 - Guide u u Finish-to-start (FS).
The Cost Management function (WBS-1) includes the processes that are required to maintain financial control of projects (economic evaluation which initiates the project, estimating, organizing, controlling, analyzing, reporting, forecasting and taking the necessary corrective action.
WHAT DOES THE COST KNOWLEDGE AREA INCLUDE? Processes involved in Planning, estimating, budgeting, financing, funding, managing, and controlling project costs. So that the project can be completed within approved budget.
