8 Project Cost Planning
Cost, together with Scope and Schedule, forms the ‘Triple Constraints’ of project management. The Project Baselines are also composed of the Cost Baseline as well as the Scope Baseline and Schedule Baseline. This chapter concentrates on the three cost planning processes in project management. These include Developing the Project Cost Management Plan, Preparing Project Cost Estimates, and Determining the Budget for the Project. It also offers knowledge on Setting the Cost Baseline for the project. This chapter includes a Cost Management Plan Template for a typical project.
Project Cost Planning is the foundation of Project Cost Management as it serves the vital purpose of producing the Cost ...
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