Overview & Purpose

A cost change control system defines the procedures by which the cost baseline may be changed. It
includes the paperwork, tracking systems, and approval levels necessary for authorizing changes.
The cost change control system should be integrated with the integrated change control system.

A cost change control system helps manage the process by which cost changes occur, and provides
a basis for revised cost estimates, budget updates, and corrective actions.

Cost Change Control System Development Checklist and Worksheet

Document Information:

Category: Template

Pages (excluding cover): 1

Version: 1.0

Updated: July 2004

Other:
 Cost Change Control System Development Checklist and Worksheet
Project Name Project Ref. No. Prepared By Date Prepared
                       
Customer Business Unit / Dept. Contact Project Type (STD / ADV)
                  STD

Determine those responsible for approving or rejecting proposed cost changes:

Be sure to provide for appropriate review of all changes.
     

Define categories of changes qualifying for automatic approval without review:

     

Describe how cost change control will be integrated with the integrated change control system:
     

Define steps by which cost factors may be changed, including:

Paperwork
     

Tracking Systems
     

Dispute Resolution Procedures

     

Approval Levels Required