How would you define PCM?

Project Cost Management may be defined as

• The process of placing responsibility on the project's designers and implementers

  • To perform within agreed budget limits
  • Either under contract
  • Or, through verbal commitment
• The collecting of actual cost data in a suitable format
• Comparing that to corresponding budget data
• And taking corrective action as necessary
• Throughout, and as appropriate to, the project life span

Previous slide

Next slide

Back to first slide

View graphic version