China
Africa
Explore chapters and articles related to this topic
Getting to Know Project Management
Published in Kenneth Lee Petrocelly, Project Management: Survival and Success, 2020
The ten knowledge areas are… Project Integration Management: Identifies, defines, and coordinates the various processes and activities within the project management process groups.Project Scope Management: Ensures that the project includes all the work required to successfully complete the project.Project Time Management: Manages the timely completion of the project.Project Cost Management: Estimates, manages, and controls costs to complete the project within the approved budget.Project Quality Management: Determines policies, objectives, and responsibilities that will satisfy the needs of the project.Project Human Resource Management: Organizes, manages, and leads the project team.Project Communications Management: Ensures appropriate creation, distribution, storage, management, control, monitoring, and disposition of project information.Project Risk Management: Plans, identifies, analyses and controls project risks.Project Procurement Management: Acquires products and services, needed from outside the project team.Project Stakeholder Management: Identifies all people or organizations impacted by the project.
Project Cost Planning
Published in Davies A. Igberaese, Introduction to Project Management, 2023
Project Cost Planning is the foundation of Project Cost Management as it serves the vital purpose of producing the Cost Baseline for the project. Project Cost Management includes all the processes involved in planning, estimating, budgeting, financing, and controlling costs so that the project can be completed within the approved budget.
Validation of project management information systems for industrial construction projects
Published in Journal of Asian Architecture and Building Engineering, 2022
Project cost management requires capabilities, from home office and site-level cost management to projects executed by integrated process management. It includes the capability to analyze the feasibility of the cost plan, budgeting, and cash flow from the bidding phase to the project execution, and manage project cost in conjunction with the enterprise resource planning (ERP) as the project progresses. Project cost management includes the function of monitoring cost progress based on contact agreement with the owner and sub-contractors and reporting of the progress. The SMPs for each phase of the project and required capability level are shown in Table 3.