Controlling costs is crucial for the success of any project. This Business Impact examines the need for constant project cost monitoring and analysis.
Individuals who have interest in knowing more about Project Management, including those in positions that require them to carry out a project management role to individuals that are full-time project managers wishing to hone their skills further.
Controlling Project Cost
What risks does accurate cost control protect against?
- Negative cost variance
- Consumption of baseline budgets and contingent reserves
- Project termination
- Client displeasure
- Performance reports
- Approved change requests
- Cost baseline
- Project funding requirements
- Project management plan
- Work performance information
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