Key concepts for project cost management
Money is money, but how stakeholders view costs could be different. You may be answering to a variety of stakeholders at various points in the project. You may also be both predicting what project items could cost or documenting the actual costs once they are incurred.
Trends and emerging best practices of cost management
The expansion of earned value management (EVM) to include both earned schedule theory and cost performance shows the relationship between time and money. I'll leave this here since we will cover earned value later in this chapter. Plus, it's all math and… you know… so much fun to write about and read.
Tailoring considerations for cost management
Every organization is different when it comes to their practices for cost management. Many project managers don't have the option of setting budgets, so instead, the organization tracks the accounting aspects. The assumption for your exam is...