Develop Cost Management Plan

Aristide Aartsengel and Selahattin Kurtoglu

Chapter 16 in Handbook on Continuous Improvement Transformation, 2013, pp 255-298 from Springer

Abstract: Abstract “Cost” is the most important term in the entire field of business. All concepts and meanings related to continuous improvement are ultimately tied to the term cost. “Cost” can be defined as “a resource sacrificed or forgone to achieve a specific objective.” It is usually measured by the monetary amount that must be paid to acquire goods and services. As an aid to decision-making, a project manager must know how much the use of a given project resource costs. Consequently, the objective of this chapter is to address the “cost” topics that will assist the project manager to speedily, efficiently, and effectively achieve the “process improvement” project’s goals. It is a large topic, which leads to it being a long chapter.

Keywords: Project Manager; Cost Estimate; Fixed Cost; Project Activity; Failure Cost (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-35901-9_16

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DOI: 10.1007/978-3-642-35901-9_16

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