{"id":62748,"date":"2021-05-20T21:59:00","date_gmt":"2021-05-21T01:59:00","guid":{"rendered":"http:\/\/bangla.salearningschool.com\/recent-posts\/cost-control-in-details-part-7-project-cost-management-pmp-project-management\/"},"modified":"2025-04-29T21:41:30","modified_gmt":"2025-04-29T21:41:30","slug":"cost-control-in-details-part-7-project-cost-management-pmp-project-management","status":"publish","type":"post","link":"http:\/\/bangla.sitestree.com\/?p=62748","title":{"rendered":"Cost Control in Details : Part – 7: Project Cost Management #PMP – Project Management"},"content":{"rendered":"

Cost Control in Details : Part – 7: Project Cost Management<\/strong><\/p>\n

(Details will be provided at a later time, so now, in short)<\/p>\n

Monitoring, controlling, adjusting costs<\/p>\n

When it is performed?<\/strong>
\nOver the whole life cycle. Bi-weekly or monthly analysis may be done<\/p>\n

Tools<\/strong>
\nCost Change Control System
\nHow the cost baseline may be changed<\/p>\n

Performance Measurement Analysis<\/strong>
\nCalculate Earned Value, Planned Value, Actual Cost, Estimate to complete, Estimate at Completion, Cost Performance Index and similar to measure performance and control costs based on these<\/p>\n

Forecasting<\/strong>
\nUse current and previous cost values to estimate future costs<\/p>\n

Variance Management<\/p>\n

Output<\/strong>
\nCost Estimate Update
\nCost Baseline Update<\/p>\n

Performance Measurement Analysis will be discussed later<\/p>\n

  From: http:\/\/sitestree.com\/?p=11506
Categories:PMP – Project Management
Tags:
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Cost Control in Details : Part – 7: Project Cost Management (Details will be provided at a later time, so now, in short) Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1917,187],"tags":[],"class_list":["post-62748","post","type-post","status-publish","format-standard","hentry","category-fromsitestree-com","category----project-management-basics","item-wrap"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":62746,"url":"http:\/\/bangla.sitestree.com\/?p=62746","url_meta":{"origin":62748,"position":0},"title":"Cost Control in Short : Part – 6: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Control in Short : Part - 6: Project Cost Management Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed Performance Measurement Analysis Calculate Earned Value, Planned\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62541,"url":"http:\/\/bangla.sitestree.com\/?p=62541","url_meta":{"origin":62748,"position":1},"title":"Project Cost Management – Part 1 #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 16, 2021","format":false,"excerpt":"Some Concepts in Project Cost ManagementCosting Involves:1. cost to purchase, develop i.e. to have the system2. Operation cost3. Cost to disposalValue Engineering:Get the most from a project--decrease cost--increase value--increase quality--shorten schedule--keep project scope not reducedCOST ESTIMATINGWhen cost estimation is done?After project scope is defined, and work breakdown structure is created.But\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62740,"url":"http:\/\/bangla.sitestree.com\/?p=62740","url_meta":{"origin":62748,"position":2},"title":"Cost Estimation in Details. Part – 3: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Estimation in Details. Part - 3: Project Cost Management (Details will be added at a later time, now in short) Cost Estimation in Short When cost estimation is done? After project scope is defined, and work breakdown structure is created.But may be performed again and again over the total\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62744,"url":"http:\/\/bangla.sitestree.com\/?p=62744","url_meta":{"origin":62748,"position":3},"title":"Cost Budgeting in Details. Part – 5: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Budgeting in Details. Part - 5: Project Cost Management (Details will be added at a later time) Maps costs and dates. How much will be spent on what and when. Also termed Cost Baseline When cost budgeting is done? After activities are defined and scheduled. Activity durations and resource\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62738,"url":"http:\/\/bangla.sitestree.com\/?p=62738","url_meta":{"origin":62748,"position":4},"title":"Cost Estimation in Short. Part – 2: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Estimating in Short. Part - 2: Project Cost Management Cost Estimation in Short When cost estimation is done? After project scope is defined, and work breakdown structure is created.But may be performed again and again over the total life cycle Tools Analogous Estimating Based on the similar actual projects\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62742,"url":"http:\/\/bangla.sitestree.com\/?p=62742","url_meta":{"origin":62748,"position":5},"title":"Cost Budgeting in Short. Part – 4: Project Cost Management #PMP – Project Management","author":"Author-Check- Article-or-Video","date":"May 20, 2021","format":false,"excerpt":"Cost Budgeting in Short. Part - 4: Project Cost Management Maps costs and dates. How much will be spent on what and when. Also termed Cost Baseline When cost budgeting is done? After activities are defined and scheduled. Activity durations and resource requirements are also estimated. Tools Cost Aggregation Activity\u2026","rel":"","context":"In "FromSitesTree.com"","block_context":{"text":"FromSitesTree.com","link":"http:\/\/bangla.sitestree.com\/?cat=1917"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62748"}],"version-history":[{"count":1,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62748\/revisions"}],"predecessor-version":[{"id":78004,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=\/wp\/v2\/posts\/62748\/revisions\/78004"}],"wp:attachment":[{"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62748"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bangla.sitestree.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}