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  • Project Cost Management

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    aggibudiman
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    Project Cost Management is the process that allows project managers to plan, estimate, manage, and control project budgets. It involves planning how costs will be estimated and reported, estimating costs using various techniques, determining a project budget and baseline after estimating activity costs, and monitoring costs to update the budget and manage changes.

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    Project Cost Management is the process that allows project managers to plan, estimate, manage, and control project budgets. It involves planning how costs will be estimated and reported, estimating costs using various techniques, determining a project budget and baseline after estimating activity costs, and monitoring costs to update the budget and manage changes.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    11 views5 pages

    Project Cost Management

    Uploaded by

    aggibudiman
    Project Cost Management is the process that allows project managers to plan, estimate, manage, and control project budgets. It involves planning how costs will be estimated and reported, estimating costs using various techniques, determining a project budget and baseline after estimating activity costs, and monitoring costs to update the budget and manage changes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    1

    Project Cost Management

    Project Cost Management is the


    Knowledge area that contains the
    processes that allow project
    managers to plan, estimate,
    manage, and control the project
    budget.
    2

    Project Cost
    Management

    Plan Cost Management

    Project manager plans how they


    will estimate and measure and
    report project costs.
    3

    Project Cost
    Management

    Estimate Costs

    Project team estimates costs


    through a variety of techniques.
    4

    Project Cost
    Management

    Determine Budget

    After activity costs are estimated,


    it is time to determine the baseline
    and project budget.
    5

    Project Cost
    Management

    Control Costs

    The project manager monitors the


    status of the project to update the
    costs and manages changes to the
    baseline budget.

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