Cost management is the process of estimating, allocating, and controlling the costs in a project. It allows a business to predict coming expenses in order to reduce the chances of it going over budget.
Projected costs are calculated during the planning phase of a project and must be approved before work begins.
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Cost management plan : Ready template
1. FORMAT
AC/PP/13-00
QMS
ISO/TS 16949:2009
COST MANAGEMENT PLAN Page 1 of 1
Dhawal Thakkar, Applica Consultancy +91- 9921499150 www.ProjectSupportTools.com
Project Title: Date:
Level of Accuracy: Units of Measure: Control Thresholds:
Rules for Performance Measurement:
Cost Reporting and Format:
Process Management:
Estimating costs
Developing the budget
Updating, monitoring
and controlling