Project Cost Management

Plan cost management by defining the cost management plan and processes for estimating, budgeting, and controlling project and lifecycle costs, including differentiation from operational costs.

Develop cost estimates to determine required resources and costs, using analogous, parametric, and bottom-up methods, and distinguish contingency reserves from management reserves within the cost baseline.

learn how to determine the project budget by aggregating activity costs into an authorized cost baseline, differentiate the cost baseline from the project budget, and manage funding and time-phased costs.

Master how to monitor and control project costs against the baseline using earned value management. Forecast and manage variances to keep budgets within funding limits.