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Cost Management

The Cost Management page of the projectcubicle.com includes articles and blog posts for the Project Management Professional ( PMP ) Certification.

5 Tools for Cost Estimation in Project Management

5 Tools for Cost Estimation in Project Management

Cost Estimation Project managers should be experienced about project cost management tools and techniques in order to manage costs variances. Underestimation of costs and resources contribute to project failure. Cost estimation is...
To Complete Performance Index (TCPI)

To Complete Performance Index (TCPI)

To Complete Performance Index (TCPI) is another strong forecasting tool of Earned Value Management (EVM). According to PMI’s PMBOK Guide “The to complete performance index (TCPI) is a measure of the cost...
Estimate At Completion

Estimate at Completion (EAC) Examples

Estimate at Completion Definition According to the PMBOK Guide Estimate at Completion (EAC) is, “The expected total cost of completing all work expressed as the sum of the actual cost to date...
Cost Benefit Analysis or Benefit Cost Analysis

Cost Benefit Analysis or Benefit Cost Analysis

Cost Benefit Analysis, which is also known as Benefit-Cost Analysis is made to identify how well, or how poorly, a project will be concluded. A Cost-Benefit Analysis can be done for...
Cost Benefit Analysis Example

Cost Benefit Analysis (CBA) Example

Cost Benefit Analysis A Cost Benefit Analysis is made to identify how well, or how poorly, a project will be concluded. It is a simple technique that can be used for financial...
Direct Costs Indirect Costs

Direct Costs and Indirect Costs, Cost Classifications

Direct Costs and Indirect Costs are two different costs used for budget planning operations. A lot of project management practitioner mix up these two different concepts. Although they both refer to...

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