Saturday, January 25, 2020
Home PMP Cost Management

Cost Management

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

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...
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...
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,...
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...
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...
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...
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...
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...