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What is Overview of Project Cost Management about?

This document provides an overview of project cost management (PCM) through an introductory chapter. It defines key concepts like cost, PCM, and the importance of PCM. The chapter outlines the three main PCM processes of cost estimating, budgeting, and control. It also discusses basic principles of PCM like tangible and intangible costs, direct and indirect costs, and the importance of accurate cost estimation early in a project. The chapter emphasizes that effective PCM is complex and requires reasonable c

Author

SISAY

Language

EN