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CHAPTER 8
Project Cost Management
Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e
8-1
From Work Package to Budget
Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e
8-2
Introduction
ore elements of project cost management
Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e
8-3
A Project Perspective of Cost Management
• Large Capital Items
– The project manager should specifically identify any large capital items that will have to be purchased by the project
• Long Lead-Time Items
– Items (products/services) that have a long lead-time must be identified early in the project life cycle
Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e
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Cost Management Plan
Consider… And…
• Governance, policy • Large Capital Items
and procedure • Contingency
• Estimating
• Long Lead-Time Items
• CoQ
• Lessons learned • Funding sources • Systems
Copyright © 2013 McGraw-Hill Education (Australia) Pty Ltd Pearson, Larson, Gray, Project Management in Practice, 1e
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