 |
| Project Cost Management |
Learning Objectives:
- Manage cost in projects
- Plan and allocate resources in a project
- Estimate costs and how to budget
- Measure resources, schedule, and cost
- Identify and measure cost variances and earned value management Monitor and control projects
- Learn how to control project performance factors
- Understand the importance of project cost management
- Explain basic project cost management principles, concepts, and terms
- Describe the process of planning cost management
- Discuss different types of cost estimates and methods for preparing them
- Understand the benefits of earned value management and project portfolio management to assist in cost control
- Describe how project management software can assist in project cost management
Importance of Cost Management:
The importance of the cost information in making decisions. The cost information system plays an important role in every organization within the decision-making process. An important task of management is to ensure control over operations, processes, activity sectors, and not ultimately on costs.
Download also:
Post a Comment