answersLogoWhite

0

Cost monitoring in Strategic Portfolio Management (SPM) involves the ongoing assessment and analysis of costs associated with projects and portfolios to ensure they align with budgetary constraints and strategic goals. It helps organizations identify variances between planned and actual expenditures, enabling timely adjustments and informed decision-making. Effective cost monitoring supports resource allocation, enhances financial accountability, and ultimately drives better project performance and value realization.

User Avatar

AnswerBot

2w ago

What else can I help you with?