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Cost Management (Plan Cost Management (Inputs (PM Plan, PC, EEF, OPA),…
Cost Management
Plan Cost Management
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Purpose
Establish policies,procedures and documentation for planing, managing, expending , and controlling cost. i.e guidance on how cost will be managed through out the project
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Control Cost
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Purpose
Monitor Status of the project to update the project costs and managing changes in Cost BL. i.e means to recognize variance from the plan in order to take corrective actions
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