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PMP® Project Management Professional Lab Manual by Joseph Phillips

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7Managing Project Costs

LAB EXERCISES

7.01 Estimating the Project Costs

7.02 Determining the Project Budget

7.03 Controlling the Project Costs

Management, customers, and other stakeholders are going to be concerned with how much your project is going to cost them. Estimating the project costs, determining the project budget, and then controlling the cost of work within the project are the three project management processes that make up this chapter. In an actual project there’s a large amount of responsibility that’s given to the project manager, in most organizations, to manage the project work so that in turn the project costs are managed effectively.

Project cost management begins with the project requirements, the project charter, and then ...

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