CHAPTER
PROJECT COST MANAGEMENT
LEARNING OBJECTIVES
After reading this chapter, you will be able to:
Understand the importance of project cost management
Explain basic project cost management principles, concepts, and terms
Describe the process of planning cost management
Discuss different types of cost estimates and methods for preparing them
Understand the processes of determining a budget and preparing a cost estimate for an information technology (IT) project
Understand the benefits of earned value management and project portfo¬lio management to assist in cost control
Describe how project management software can assist in project cost management
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