Cost Control: Budget Monitoring

Key Words: budget, forecasting, cost reporting, cost tracking
Area of PM Application: EngCon
(See IAC #1001)
Topic Level: Process
(See IAC #1002)
Related Topics: Status reporting
Reference: Wideman, R M, Cost Control of Capital Projects, BiTech Publishers Ltd, 1995

I am responsible for tracking costs against budget. What does that involve?

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