Project Cost Management: Principles, Tools, Techniques, and Best Practices for Project Finance

The project management knowledge area of cost management is concerned with estimating, budgeting, and controlling the budget to stay within the approved expenditures for a project. While it may appear simple, identifying all project costs is perhaps the most challenging task for a project manager and team. In addition to the basic costs of resources, additional charges may stem from economic conditions, equipment operating expenses, loan and bond repayments, and various other expenses. Plus...