Project Cost Management: Principles, Tools, Techniques, and Best Practices for Project Finance

The project management knowledge area of cost management is concerned with estimating, budgeting, and controlling the budget to stay within the approved expenditures for a project. While it may appear simple, identifying all project costs is perhaps the most challenging task for a project manager and team. In addition to the basic costs of resources, additional charges may stem from economic conditions, equipment operating expenses, loan and bond repayments, and various other expenses. Plus, project practitioners must be flexible to meet all organizational policies and norms.. In this book, we cover all matters related to project cost and financing, including:Global principles and best practicesProject cost evaluation and initiationCost estimation methods and budgetsProject financial structures and fundingProject payment terms and cash flowProject cost control tools and techniquesProject financial closureWe've made every effort to keep concepts clear for aspiring, new, and accidental project managers while covering project financial topics relevant to all project managers.. Each chapter ends with "Knowledge Nuggets" - tips and basic project management templates. Templates include:Project Business CaseCost-Benefit AnalysisProject Cost Management PlanPERT EstimationDepreciation CalculationBudget PresentationBudget Control ChartCash FlowAll templates are available online and ready to use with pre-filled examples.