Part 3: Project Cost Analysis
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, ...
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