Project Time and Cost Management
The backbone of project management is the ability to plan the project activities, resources, and cost accurately, and then control the schedule and the cost to meet the speciﬁed time and cost goals. Project time management includes the processes required to manage timely completion of the project, whereas the cost management deals with managing the completion within budget.
16.2 TIME MANAGEMENT
The sequence of activities that need to happen for creating and maintaining a proper project schedule are as follows:
- Deﬁne activities: The process of deﬁning the work (activities) that must be performed to meet project ...