The cost trade off

The total cost concept

The total system concept

Activity based Costing, Target costing, Just in Time,Total Quality Management,

Project Cost Management

Project Quality Management

Project Human Resource Management

Project Communications Management

Project Risk Management

Project Procurement Management

Project Stakeholder Management

Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.

profit centre is responsible for

a) cost incurred

b) total investment

c) revenues earned and cost incurred