Cost Control

Cost is one of the key performance indicators for projects. Involved in controlling costs are processes centered around planning, estimating, budgeting, financing, funding and managing costs so that the project can be completed within the approved budget.

  • PM Network

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    By Fister Gale, Sarah The Olympics capture the world's imagination. But the race begins long before athletes arrive. Cities compete to host the Summer and Winter Games, hoping to take a lead role on the global stage. But…

  • PM Network

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    Large enterprises have been slow to adopt cloud-based services. But they no longer can ignore the major benefits of migration: lower IT costs, for example.

  • PM Network

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    A mega-mosque construction project is underway in Algiers, Algeria—but its completion date isn't quite clear. At one point scheduled to open this year, the mosque will become the third largest in…

  • PM Network

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    By Doraisamy, Hari It is notoriously difficult for project managers to accurately estimate project costs. However, software that uses neural networks can be a powerful solution to this problem.

  • PM Network

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    By O'Connor, Kelsey Cost overruns can be a death sentence for capital projects. A study published in the May issue of The Accounting Review suggests that if teams know the same person will be at the helm from start to…

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