Project Cost Management

Project cost management includes the processes required to ensure that a project team completes a project within an approved budget.

Processes of Cost Management: 

•Estimating costs–developing an approximation/estimate of the costs of the resources needed to complete a project 

•Determining the budget–allocating the overall cost estimate to individual work items to establish a baseline for measuring performance 

•Controlling costs –controlling changes to the project budget

Download also:

• Basics of Project Planning
• Introduction to Risk Management
• Planning and Schedule Free Templates
• Over 500 Contract Templates Free Download
• Download Over 25 Cost Estimation Checklists for Free

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