22 Cost Management Plan Template
Costs for a project must be planned and supported by its stakeholders and project sponsor. Without this plan costs can quickly become unmanageable and escalate out of control resulting in the project being prematurely closed.
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The project cost management template covers the 3 key areas for project costs.
Cost management plan template. Has a dashboard to be able to spot issues with the costs immediately. This template enables you to produce a project cost management plan one of the most important plans for a project. Project cost management plan template pcm project cost management is a method used to measure the productivity and the cost of projects throughout their full lifecycle.
The cost management plan template enables you to monitor control and manage costs throughout the lifecycle of a project to make sure the delivery of the end products within the allowed budget. The template uses the approach of tracking planned vs actual which is very effective in tracking project budget. The goal of the method is to complete the project on budget.
The cost management plan should be developed in conjunction with relevant project stakeholders and signed by a representative from the project organisation such as project director or project manager as well as the client or sponsor. This template is based on the cost management guidelines presented in the pmbok. Cost management plan template the cost management plan is a document used to communicate the agreed process and detail to enable effective cost management.
About the project cost management template. The resources costs tab tracks cost based on number of days per month. Cost management plans are the most vital areas and responsibilities for a project manager.
This cost management plan template will help ensure that you have an approach and methodology to managing costs throughout the life of your project.
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