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32 Project Cost

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The Project Cost Management and Control Definition is 38 pages B4 version and now available for download that consists of a main Project Controls and Project Cost definitions. You can purchase this beta version of document and make any comments, opinions, recommendations, or new definitions, please send them to ThePD (theprojectdefinition@gmail.com), you will have the updated and formal version of the Project Definitions file for free of charge.

Description

Cost Control and Management is a process involved in budget cost estimate (planning, estimating, financing and funding assistance, etc.), execution (controlling cost: budget allocation, expenditure, cash flow, payment, forecasting, etc.), and managing project cost (in order to minimise cost and increase profitability) that ensures the efficient operation of the project cost to complete the project within the approved budget.

The Project Definitions have been defining and developing in terms of the agreed project language by ThePD (The Project Definition) as for the Preferred Project Definitions. The Project Definition is a clearly and concisely defined statement of the exact meaning of words, phrases, sentences, or descriptions of the subject in the project business. The Project Definition is an essential requirement and a critical success factor for the project execution to communicate accurately with the same understanding of the meaning or terminology. The Project Definitions and related information is included in the website (www.theprojectdefinition.com) and published daily basis to the subscribers. Users who want to keep own file, can purchase the Project Definition as a beta version (B4) today with a big bargain.