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What is Project cost control vs approved budget in project management?

Anonymous

∙ 15y ago

Updated: 9/14/2023

Project cost control is comparing the actual project cost against planned project cost.

Wiki User

∙ 15y ago

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Continue Learning about Management

What is baseline project plan?

A Baseline Project Plan is the Project Management Plan that is created by the Project Manager and is approved by the Project Sponsor and the Senior Management. The Approved/baseline plan outlines how the project will be handled from start to finish and is like the bible for the project

What is a baseline plan?

A Baseline Project Plan is the Project Management Plan that is created by the Project Manager and is approved by the Project Sponsor and the Senior Management. The Approved/baseline plan outlines how the project will be handled from start to finish and is like the bible for the project

Importance of cost control in project management?

Importance of cost control in project management?

What role does the change control system play in project management and how does it ensure effective management of changes throughout the project lifecycle?

The change control system in project management helps to manage and track changes to the project scope, schedule, and budget. It ensures that any proposed changes are evaluated, approved, and implemented in a controlled manner. This system helps to prevent scope creep, maintain project quality, and keep the project on track by providing a structured process for assessing the impact of changes and making informed decisions.

What are key aspects of project management that a project manager needs to know?

A key aspect of project management is planning. Other aspects include organizing and motivating. Another aspect of project management is resource control.

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Related Questions

What is baseline project plan?

A Baseline Project Plan is the Project Management Plan that is created by the Project Manager and is approved by the Project Sponsor and the Senior Management. The Approved/baseline plan outlines how the project will be handled from start to finish and is like the bible for the project

What is a baseline plan?

A Baseline Project Plan is the Project Management Plan that is created by the Project Manager and is approved by the Project Sponsor and the Senior Management. The Approved/baseline plan outlines how the project will be handled from start to finish and is like the bible for the project

Importance of cost control in project management?

Importance of cost control in project management?

What inputes do you need when you develop a project management plan?

Time management plan Project charter Change control procedures project management information systems

What imputs do you need when you develope a project management plan?

-Project Charter -Project management information systems -Change control procedures -Time management plan

Why project management projects are approved?

Projects are approved when they answer the needs of the customer, fit into the correct timeframe and have a reasonable budget. Using project management software can help you plan a project in a sensible way and make sure you have thought of all possibilities.

Which of the following is not part of the project control base?

The project control base typically includes elements such as the project schedule, budget, resources, and scope. However, risk management is not typically considered as part of the project control base, although it is an important aspect of project management.

What role does the change control system play in project management and how does it ensure effective management of changes throughout the project lifecycle?

The change control system in project management helps to manage and track changes to the project scope, schedule, and budget. It ensures that any proposed changes are evaluated, approved, and implemented in a controlled manner. This system helps to prevent scope creep, maintain project quality, and keep the project on track by providing a structured process for assessing the impact of changes and making informed decisions.

What are key aspects of project management that a project manager needs to know?

A key aspect of project management is planning. Other aspects include organizing and motivating. Another aspect of project management is resource control.

What are some of the inputs fo the develop project management plan process?

Change control procedures Project management information systems Time management plan Project charter

What is the total number of PMP?

Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management

What does the Linux project management software do for your computer?

Linux project management software is used to manage many aspects of a specific project, like finances, quality management, and scheduling. It is used to plan and control resources for the project.

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