Project Cost Control - 2
Cost control requires several sequential tasks
- First make sure that no commitments are made
- That exceed their budget allocation
- Or, if they do, make immediate adjustments elsewhere
- Make sure that all commitments have the project manager's blessing
- Regularly collect actual costs to date
- Including work-in-progress
- Examine cost trends
- Forecast the cost of the remaining work
- To complete the current phase or stage