• The importance of cost management in projects
  • Project lifecycle costing vs. product lifecycle costing
  • Cost management plan and its use in cost control
  • Estimating costs process
  • Cost management plan and its use in cost control
  • Analogous, parametric, and bottom – up methods of cost estimating
  • Multiple types of cost estimates – order of magnitude and definitive estimates.
  • Determine budget process
  • Cost baseline and its management
  • Control costs process
  • Planning quality management process
  • Cost and schedule performance indices and their use in forecasting
  • Multiple methods of depreciation
  • Quiz – project cost management