Monday, March 30, 2020
Home PMP Cost Management

Cost Management

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

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...
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,...
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...
Schedule Performance Index Formula and Example - Cost Performance Index Formula and Example

Schedule Performance Index and Cost Performance Index

Schedule Performance Index and Cost Performance Index Schedule Performance Index (SPI) and Cost Performance Index (CPI) allow you to evaluate the performance of a project. They demonstrate the schedule and cost efficiency...
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...
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...
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...
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...