PMP Certification Training - Overview of Project Cost Management and Processes

Project cost management involves planning, estimating, budgeting, and controlling costs to complete a project within an approved budget. It is crucial due to its sensitivity and the scrutiny it receives from stakeholders. The process includes establishing cost estimates, budgets, and monitoring costs. Stakeholders play different roles, and their involvement may vary based on project complexity. The four main processes are planned cost management, estimate cost, determine budget, and control cost.

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