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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.

Estimate to Complete (ETC) Definition & Formula & Examples infographic

Estimate to Complete (ETC) Definition & Examples

Project managers often wonder how much money they will spend to complete the remaining project works. If the remaining direct costs and indirect costs of the works are more than planned,...
Negative working capital, Working Capital A Complete Guide formula

Working Capital | A Complete Guide

A Complete Guide to Working Capital (WC) Working Capital Defined - During your business career, you have likely run into the term WC more than a few times. But do you know...
Analogous vs Parametric Estimating Examples for PMP

Parametric Estimating Examples for PMP

Cost and duration estimations for a project can be very important tasks. It is often difficult to determine each of them without using the right tools and techniques. Parametric Estimating is...
simple cost benefit analysis example and calculation steps, net present value

Cost Benefit Analysis Example and Steps (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 costs and indirect cost ,Costs Cost Classification cost classification examples infographic

Direct Costs and Indirect Costs , Cost Classification

Cost classification is an important concept in budgeting, accounting and project management. Cost classification and categorization of expenses help project teams to understand what kind of costs will be spent during...
Cost Estimation Methods in Project Management infographic

Cost Estimation Methods in Project Management

Cost Estimation Methods in Project Management Estimate costs process in project management is the practice of estimation of the monetary resources required to complete tasks and project activities. This process uses almost the...
Importance, Advantages and Calculation Steps of Cost Benefit Analysis

Cost Benefit Analysis or Benefit Cost Analysis

Cost Benefit Analysis (also known as Benefit Cost Analysis) is an important concept in project management. Simply put, it is performed to identify how well, or how poorly, a project will...
to complete performance index example TCPI infographic

To Complete Performance Index (TCPI) Examples

There are many tools, techniques and formulas used to forecast the cost performance of a project. To Complete Performance Index (TCPI) is another strong forecasting tool of Earned Value Management (EVM). The...
Estimate at Completion (EAC) & Estimate at Completion Formula and Examples

Estimate at Completion (EAC) Examples

There are many forecasting tools and metrics used to calculate the future performance of a project. Schedule Variance, Cost Variance, Budget at Completion and Earned value are some of them. Likewise,...