MTS LO2 P2

Cost

  • Cost Management Approach - you explain your approach to cost management for your project.
  • Measuring Project Costs - defines how the project’s costs will be measured.
  • Reporting Format - Reporting for cost management will be included in the monthly project status report.
  • Cost Variance Response Process - defines the control thresholds for the project and what actions will be taken if the project triggers a control threshold.
  • Cost Change Control Process - Typically the change control process follows the project change control process.
  • Project Budget

Scope



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