
PMBOK® Guide – Sixth Edition: 12-Controlling Costs
Cost management is one of the most integral components of the project management process. Controlling Costs shows how the project manager assumes full responsibility for cost oversight and delivery of the project within budgetary constraints. Financial tools and analysis enable the project manager to oversee activities and the cost associated with delivering the project’s product. Control Costs is the process of monitoring your project status to ensure that your budget is up to date that the project’s value is being delivered to meet expectations.
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Learning Objectives
- Explain the need and reasons why the importance of value is critical to the cost management of a project.
- Describe why it is important to ensure that the full value of a project is recognized.
- Explain why it’s important for a project manager to monitor expenditures that are relevant to the value of the work accomplished.
Specs
Course Level | Intermediate |
Languages | English |
Compatibility | Audio, Video |
Course Applies To
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