How to Deliver Effective Project Cost Management

The video tutorial covers project cost management, emphasizing its importance in project success. It outlines the processes of planning, estimating, budgeting, and controlling costs. The tutorial explains how to create a cost management plan, handle uncertainties, and use tools for effective cost management. It also discusses the role of governance and the need to tailor approaches to project specifics.

What are the two main disciplines of project cost management mentioned in the text?

What is the first process in project cost management as defined in the text?

What are the key components of a project cost management plan?

Why is it important to have a budget for a project?

What are some typical categories of expenditure mentioned for project budgeting?

How should uncertainties be accounted for in project budgeting?

What role does the Senior Financial Officer play in project governance?

What is the significance of project gateways or stage gates in project management?

How can project managers ensure they are effectively monitoring and controlling costs?

What factors should be considered when tailoring a project cost management approach?