Thursday, October 17, 2019
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Cost Management

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

importance of Project Cost Management Best Practices, project cost management processes infographic

Project Cost Management Essentials

Project Cost Management Best Practices What is project cost management, why is it important for your projects success and how to create a project budget? This article discusses the project cost management...
importance of cost estimation process, types and techniques of cost estimation in project management.

Project Cost Estimation Methods – A Short Guide

If you want to deliver your project successfully, you need to estimate the project budget correctly by using different types of cost estimation methods. While creating a baseline budget, you need...
Cost Variance Formula and Example in Earned Value Management infographic

Cost Variance (CV) in Earned Value Management

Cost Variance (CV) in Earned Value Management Performance measurement is an important task in project management. In order to manage and complete a project successfully, project managers need some tools and techniques...
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 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,...
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...
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...