Project Cost Management includes the processes involved in estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. Figure 7-1 provides an overview ...

To help make sense of it all, let's look at how the cost for a major upgrade project in an existing plant gets put together. For the sake of argument, the scope will involve replacing an old ...

Control is the process of maintaining oversight over the use of the resources on the project to determine how well the actual project results are being accomplished to meet planned project cost, ...