Project Cost is the total funds needed to complete the project or work that consists of a Direct Cost and Indirect Cost. The Project Costs are any expenditures made or estimated to be made, or monetary obligations incurred or estimated to be incurred to complete the project which are listed in a project baseline. Project Cost Management (PCM) is a technology method that controls and manages the cost and productivity through the full lifecycle of the project. (Refer to the Budgetary Control; Cost Estimate)
Related Definitions in the Project: The Project Controls; Project Cost
