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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 (EAC) & Estimate at Completion Examples

Estimate at Completion (EAC) Examples

Estimate at Completion (EAC) as a Forecasting Tool There are many forecasting tools used to calculate future performance of a project. Likewise other forecasting tools, Estimate at Completion (EAC) helps to make forecasts for...
Cost Benefit Analysis

Cost Benefit Analysis or Benefit Cost Analysis

Cost Benefit Analysis or Benefit Cost Analysis Cost Benefit Analysis (also known as Benefit Cost Analysisis) is an important concept in project management. Simply put, Cost Benefit Analysis is performed to identify how...
cost benefit analysis example

Cost Benefit Analysis Example (CBA Example)

Cost Benefit Analysis Example (CBA Example) Cost Benefit Analysis (also known as Benefit Cost Analysis) is a mathematical approach to compare the costs and expected benefits of two or more projects (or...
Direct cost and indirect cost ,Cost Classification infographic

Direct Cost and Indirect Cost , Cost Classification

Direct Cost and Indirect Cost , Cost Classification Cost clasification is an important concept in budgeting, accounting and project management. While creating a project budget, categorizing expenses provides understanding of components that...

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