Cost Management – Part 1
Project Cost Management I After creating the complete list of project activities and duration estimates, the question that’s forever on the mind of the top management is “How much is it going to cost? The purpose of the Cost Management is to answer that question. Every project has a budget, and part of completing a project successfully is completing it within the approved budget. Plan Cost Management This process establishes the policies, procedures, and documentation for planning, managing, spending and controlling project cost .It gives direction on how the project cost will be managed throughout the project. Input Tools & […]
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