A Comprehensive Guide to Project Management Schedule and Cost Control: Methods and Models for Managing the Project Lifecycle

1. Basic Project Structure

Introduction

Organizations are formed for a purpose, usually resulting in the development and production of a product or the offering of a service. Because both of these types of organizations incur costs to produce products and services, these costs must be maintained to ensure the profitability of these organizations. How costs and schedules are not only estimated but also controlled is largely a function of how an organization is structured and the role project managers might have within the organization.

It is imperative that organizations structure themselves in a way that will allow costs of all departments to be measured, analyzed, controlled, and maintained. This structure is the first level of cost control, ...