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

Part 3: Project Cost Analysis

Chapter 9 Cost Estimating

Chapter 10 Budget Development

Plan Cost Management

Much like developing the schedule for a project, understanding the areas of cost within a project and developing a plan as to how costs will be defined and documented are also large components of the project manager’s role at the beginning of a project. These tasks require the development of a cost management plan. The cost management plan is a subset of the project management plan that defines the procedures used in gathering, estimating, and documenting all project costs; structuring a budget; and monitoring, controlling, and reporting processes. The project manager can use this tool to define more specific information, such as

• Roles, ...