Chapter 10. Project Cost Management in Practice
MUHAMED ABDOMEROVIC, PMP, FKI LOGISTEX
To complete a project within budgeted cost, we must understand how to effectively estimate, allocate, and manage project cost factors. Cost management is normally preceded by activities to define and assign resources to scheduled project activities. This process is known as resource estimating.
Resource Estimating
A resource can be people, money, supplies equipment, material, space—anything that is required to accomplish the project work activities. Resource requirements are identified by analyzing each activity, and determining the types and quantity of each resource necessary to complete that work. The sum of the resources identified for a given activity can ...
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