The most significant aspect of PCM
From a project perspective, it is important to understand that
- Cost, or rather money, is simply the common denominator, or metric, for bringing together disparate types of resources
- I.e. accounting for use of labor, materials, equipment
- For management and control purposes
- However, like time, money itself should not be considered as a resource
- Unlike in corporate financial management
- Where money is the central purpose and is treated like a commodity