Chapter 7
Cost Management
Project cost management includes the processes involved in planning, estimating, budgeting and controlling costs so that the project can be completed within the approved budget.
—PMBOK® Guide
Fast, cheap, good: you can have any two.
—Author unknown
For a project manager, overruns are as certain as death and taxes.
—Author unknown
Like beauty, value is in the eye of the beholder. What is priceless art to some is worthless to others. What each of us buys in a store differs based on our individual needs and desires, and value is that internal discussion or decision that tells us that what we are about to purchase seems like it is worth at least the price we will pay at that particular moment in time. Great value is when ...
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