O'Reilly logo

The Handbook of Project-based Management, 3rd Edition by J. Rodney Turner

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 8MANAGING COST

We now consider the fourth project objective, managing cost, by which the project manager ensures the project's product is financially viable and worthwhile. The next section considers the purpose of estimating costs, and shows how this leads to several types of estimate of increasing accuracy prepared at successive stages of the project life cycle. Later sections explain how the estimate is structured through the cost control cube, and describe several methods of preparing the estimate. Finally, we shall discuss how costs are controlled by comparing actual expenditure against the value of work done, and show how (S-curves) can provide a pictorial representation of this.

8.1 ESTIMATING COSTS

Over the next three sections ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required