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080 80 800 8887.1 Plan Cost Management
"The process that establishes the policies, procedures and documentation for planning, managing, expending and controlling project costs."
The definition shown above in italics is taken from the Glossary of the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project Management Institute Inc., 2013
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Fifth Edition, Project Management Institute Inc., 2013 Figure 7-2 Page 195
Planning Cost Management
How are we going to manage costs during the project life?
The Project Charter – Summary Budget – expand
Analytical Techniques
- Funding sources – external/internal; using debt; using equity
- Use of Project assets – buying, leasing, renting, borrowing
- Payback Period / CBA / ROI / IRR / DCF / NPV
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Firebrand Training grants you a personal, non-exclusive, non-transferable license to access and use the site. You may download or print material from the site only for your own personal, non-commercial use. Read our full terms and conditions on https://firebrand.training/uk/learn/terms-and-conditions.