Cost Management Plan Video
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Project Cost Management PCM is a method that uses technology to measure cost and productivity through the full life-cycle of enterprise level projects. PCM encompasses several specific functions of project management including estimatingjob controls, field data collection, schedulingaccounting and design.
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PCM's main goal is to complete a project within an approved budget. Cost Management Plan with estimating, a vital tool in PCM, actual historical data is used to accurately plan all aspects of the project. As the project continues, job control uses data from Manageemnt estimate with the information reported from the field to measure the cost and production in the project.
From project initiation to completion, project cost management has an objective to simplify and cheapen the project experience. This technological approach has been a big challenger to the mainstream estimating software and project management industries. This method is crucial for engineering Managemennt the buyer market trend: the market price is Cost Management Plan fixed and to have competition.
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May Learn how and when to remove this template message. Information technology project management Seventh ed. Boston, MA: Course Technology. Project Estimating and Cost Management.]
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