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Project Cost Management (PCM) is the dimension of project management which aims to ensure that a project is completed within its approved budget. It encompasses
Project_cost_management
Estimation of the cost of a project
budget as the cost constraint for a project or operation. In project management, project cost management is a major functional division. Cost estimating
Cost_estimate
Model of the constraints of project management
The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management
Project_management_triangle
Practice of leading the work of a team to achieve goals and criteria at a specified time
process for portfolio, program, and project management (total cost management framework). In 1969, the Project Management Institute (PMI) was formed in the
Project_management
Computer software to manage projects
cost control, budget management, resource allocation, collaboration software, communication, decision-making, quality management, time management and
Project_management_software
Project management technique
Earned value management (EVM), earned value project management, or earned value performance management (EVPM) is a project management technique for measuring
Earned_value_management
Overview of and topical guide to project management
outline is provided as an overview of and topical guide to project management: Project management – discipline of planning, organizing, securing, managing
Outline_of_project_management
Internationally recognized professional designation
ten project management Knowledge Areas: Project Integration Management Project Scope Management Project Schedule Management Project Cost Management Project
Project Management Professional
Project_Management_Professional
Body of knowledge for project management
The Project Management Body of Knowledge (PMBOK) is a set of standard terminology and guidelines (a body of knowledge) for project management. The body
Project Management Body of Knowledge
Project_Management_Body_of_Knowledge
Logistics system on completing project goals
Management, Project Scope Management, Project Time Management, Project Cost Management, Project Quality Management, Project Human Resource Management
Project management information system
Project_management_information_system
Credential offered by the Project Management Institute
Scope Management" (9%) Chapter 6 "Project Schedule Management" (9%) Chapter 7 "Project Cost Management" (8%) Chapter 8 "Project Quality Management" (7%)
Certified Associate in Project Management
Certified_Associate_in_Project_Management
Practice of regarding cost in engineering projects
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting
Cost_engineering
English construction company
in Leeds, United Kingdom specialising in programme management, project management, cost management and consulting across the property, infrastructure
Turner_&_Townsend
Professional service
completion. The goal of CM is to control a project's scope, time, cost, and quality (sometimes called the project management triangle or "triple constraints")
Construction_management
A glossary of terms relating to project management and consulting. Contents: Top 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Agile software
Glossary of project management
Glossary_of_project_management
Assignment planned to achieve a objective
sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other
Project
in the "Total Cost Management Framework" in 2006. Traditionally, the field of project management begins with the "initiation" of a project. The most well
Total_cost_management
Procedures to optimize practices in cost efficient ways
Cost accounting is defined by the Institute of Management Accountants as a systematic set of procedures for recording and reporting measurements of the
Cost_accounting
Centralized management of project management processes
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management
Project_portfolio_management
Enterprise Project Management, in broad terms, is the field of organizational development that supports organizations in managing integrally and adapting
Enterprise_project_management
Deliverable-orientated breakdown of a project into smaller components
structure (WBS) in project management and systems engineering is a breakdown of a project into smaller components. It is a key project management element that
Work_breakdown_structure
Formal, approved document used to guide both project execution and project control
Communication management plan Cost management plan Procurement management plan Project scope management plan Schedule management plan Quality management plan Risk
Project_plan
The following is a comparison of project management software. Kanban (development) Project management software Project planning Comparison of scrum software
Comparison of project management software
Comparison_of_project_management_software
identifies itself as a Worldwide Confederation of Cost Engineering, Quantity Surveying, and Project Management Societies. ICEC is an NGO in Roster Consultative
International Cost Engineering Council
International_Cost_Engineering_Council
Field of planning and leading software projects
project management is the process of planning and leading software projects. It is a sub-discipline of project management in which software projects are
Software_project_management
Method of planning and managing projects
Critical chain project management (CCPM) is a method of planning and managing projects that emphasizes the resources (people, equipment, physical space)
Critical chain project management
Critical_chain_project_management
Unexpected incurred costs in excess of budgeted amounts
cost during budgeting, they are known by these terms. Cost overruns are common in infrastructure, building, and technology projects. For IT projects,
Cost_overrun
Project cycle management (PCM) is the process of planning, organizing, coordinating, and controlling a project effectively and efficiently throughout its
Project_cycle_management
Listing of a project's milestones and deliverables in project management
of Cost Engineering (AACE), the Project Management Institute (PMI), and the US Government for acquisition and accounting purposes. Project management is
Schedule_(project_management)
Project management concept
of the project and may be excluded from consideration (to maintain project focus and prevent mission creep). Cost overrun Requirements management Scope
Scope_(project_management)
Internet advertising model
typically not pay-per-click advertising, but instead usually charge based on cost per thousand impressions (CPM). Social networks such as Facebook, Instagram
Pay-per-click
Budgeting and costing formula
work." BCWP is a term in Earned value management approach to Project management. BCWP is contrasted to Budgeted Cost of Work Scheduled (BCWS) also called
Budgeted cost of work performed
Budgeted_cost_of_work_performed
Benefit lost by a choice between options
frontier Reduced cost Time management Time sink Trade-off Transaction cost You can't have your cake and eat it Perverse subsidies "Opportunity Cost". Investopedia
Opportunity_cost
tracking of schedules and mileposts, cost and revenue, resource allocation, as well as overall management of these project elements. Efficiency is improved
Project_workforce_management
Efficient and effective deployment of an organization's resources when they are needed
Project Management Institute (PMI) through their Project Management Body of Knowledge (PMBOK) methodology of project management. Resource management is
Resource_management
Estimation in cost engineering
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the
Cost_contingency
Professional in the field of project management
accomplish project objectives managing the constraints of the project management triangle, which are cost, time, scope and quality A project manager is
Project_manager
Unrecoverable cost that has been incurred
In economics and business decision-making, a sunk cost (also known as retrospective cost) is a cost that has already been incurred and cannot be recovered
Sunk_cost
Within project management, risk management refers to activities for minimizing project risks, and thereby ensuring that a project is completed within time
Project_risk_management
Accounting systems geared toward project management
Project accounting is a type of managerial accounting oriented toward the goals of project management and delivery. It involves tracking, reporting, and
Project_accounting
Method of apportioning costs
compared to conventional costing. The UK's Chartered Institute of Management Accountants (CIMA), defines ABC as an approach to the costing and monitoring of
Activity-based_costing
escalation of costs during construction. Estimation in project management is the processes of making cost estimates using the appropriate techniques. Facility
Glossary of construction cost estimating
Glossary_of_construction_cost_estimating
Project management issue
In project management, scope creep is continuous or uncontrolled growth in a project's scope, generally experienced after the project begins. This can
Scope_creep
Aspect of project management which uses schedules to plan and report progress
Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within
Project_planning
Money spent to produce or procure goods or services
motivation. Average cost Cost accounting Cost curve Cost object Direct cost Fixed cost Incremental cost Indirect cost Life-cycle cost Non-monetary economy
Cost
Amount of slack time in a project
In project management, float or slack is the amount of time that a task in a project network can be delayed without causing a delay to: subsequent tasks
Float_(project_management)
of a project estimate cost plan tasks of the project plan resources in a project use project management tools control the progress of a project make team
Project_management_simulation
relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered. In order for a cost to be a
Relevant_cost
Systematic approach to estimating the strengths and weaknesses of alternatives
of action, and to estimate or evaluate the value against the cost of a decision, project, or policy. It is commonly used to evaluate business or policy
Cost–benefit_analysis
timeline of project management. There is a general understanding that the history of modern project management started around 1950. Until 1900, projects were
Timeline of project management
Timeline_of_project_management
Project management method
PRINCE2 (PRojects IN Controlled Environments) is a structured project management method and practitioner certification programme. PRINCE2 emphasises dividing
PRINCE2
Project management software
Microsoft Project is a project management software product, developed and sold by Microsoft. It is designed to assist a project manager in developing
Microsoft_Project
Framework for corporate funding, capital structure, and investments
value-adding projects should receive investment funding, and whether to finance that investment with equity or debt capital. Working capital management is the
Corporate_finance
permanently, and/or have suffered from significant cost overruns. Note that failed projects, and projects running over budget, are not necessarily the sole
List of failed and overbudget custom software projects
List_of_failed_and_overbudget_custom_software_projects
Material management supply chain
are used in the industry. Procurement cost reduction through bid comparison bids is part of project cost management. Computer-based systems are used during
Materials_management
Drag cost is a project management metric developed by Stephen Devaux as part of the Total Project Control (TPC) approach to project schedule and cost analysis
Drag_cost
Open-source project management software
OpenProject is a project management software tool. It provides work package tracking, Gantt chart scheduling, Scrum and Kanban boards, time tracking,
OpenProject
Extremely large-scale construction and investment project
mega-project, are here reduced to an individualized form of public benefit. According to the European Cooperation in Science and Technology (COST), megaprojects
Megaproject
Estimation within project management (e.g., for engineering or software development), are the basis of sound project planning. Many processes have been
Estimation (project management)
Estimation_(project_management)
Management method for production projects
Project production management (PPM) is the application of operations management to the delivery of capital projects. The PPM framework is based on a project
Project_production_management
Mnemonic, giving criteria to guide in the setting of objectives
framework is commonly applied in fields such as project management, employee performance management, and personal development. The term was first proposed
SMART_criteria
field of project management by which members of the project team, usually estimators, project managers, or cost analysts, calculate the total cost of the
Basis_of_estimate
Project management method
Resource Estimated Duration (DRED), and Cost of Leveling with Unresolved Bottlenecks (CLUB). The Project Management Institute's monthly magazine PM Network
Total_project_control
Process of managing a task through its life cycle
or project-management software. Task management may be a component of project management and process management, serving as the foundation for efficient
Task_management
Economic term
Life-cycle cost analysis (LCCA) is an economic analysis tool to determine the most cost-effective option to purchase, run, sustain or dispose of an object
Life-cycle_cost_analysis
external accounting functions. No comparison is made for internal/management accounting, cost accounting, budgeting, or integrated MAS accounting. Systems
Comparison of accounting software
Comparison_of_accounting_software
Independent examination of an organization
secretarial and compliance, internal controls, quality management, project management, water management, and energy conservation. As a result of an audit,
Audit
Identification, evaluation and control of risks
classified as opportunities. Risk management standards have been developed by various institutions, including the Project Management Institute, the National Institute
Risk_management
Project Performance (usually known as the DIPP) is a project management performance metric formulated by Stephen Devaux as part of the total project control
Devaux's Index of Project Performance
Devaux's_Index_of_Project_Performance
Concept in law
case management (LCM), legal management system (LMS), matter management or legal project management refer to a subset of law practice management and cover
Legal_case_management
Project management company
Cumming Group is a privately held international project management and cost consulting firm with a focus on construction in the advanced manufacturing
Cumming_Corporation
Process of managing several related projects
management deals with overseeing a group or several projects that align with a company’s organizational strategy, goals, and mission. These projects,
Program_management
Overview of and topical guide to business management
are controlled and operated Cost accounting – Procedures to optimize practices in cost efficient ways Crisis management – Process by which an organization
Outline of business management
Outline_of_business_management
Assessment of the practicality of a project or system
are cost required and value to be attained. A well-designed feasibility study should provide a historical background of the business or project, a description
Feasibility_study
Costs directly accountable to a cost object
direct cost. In project management, direct costs are those for activities or services that benefit specific projects, for example salaries for project staff
Direct_costs
Statistical tool used in project management
statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project. PERT was originally
Program evaluation and review technique
Program_evaluation_and_review_technique
American construction consulting firm
program and project management, construction management, project management oversight, advisory, cost management, facilities management, commissioning
Hill_International
IPMA (Integrated Project Management Approach) method is a design process method that was started in 1984. The integrated project delivery approach is a project delivery
Integrated Project Management Approach
Integrated_Project_Management_Approach
Software project management activity
estimation Software metric Project management Cost overrun Risk Comparison of development estimation software Software maintenance Total cost of ownership Software
Cost estimation in software engineering
Cost_estimation_in_software_engineering
project management methodologies to smaller projects. Other factors commonly associated with large-scale project management, for example time, cost and
Small-scale project management
Small-scale_project_management
Conservative political initiative in the United States
to conduct "rigorous cost–benefit analysis" even though the agency already scrutinizes projects before allocating funding. Project 2025's proponents maintain
Project_2025
Goods held for resale
exceptions, and the financial reporting definitions of 'cost' have distorted effective management 'cost' accounting since that time. This is particularly true
Inventory
Guidelines for quality management in projects
constraints of time, cost and resources. ISO 10006 is not a guide to "project management" itself. Guidance on quality in project management processes is discussed
ISO_10006
Management of the flow of goods and services
Warehousing management To reduce a company's cost and expenses, warehousing management is concerned with storage, reducing manpower cost, dispatching
Supply_chain_management
related to processes, project scope, cost, and schedule. This software enables a methodical approach to data entry, process management, and information retrieval
Capital program and project management software
Capital_program_and_project_management_software
Purposeful and systematic planning of public events
Event management is the application of project management to the creation and development of small and/or large-scale personal or corporate events such
Event_management
Nuclear power station under construction in England
overruns. As of 2026, Unit 1 of the station is projected to come online in 2030, while the overall project cost is estimated at £35 billion in 2015 prices
Hinkley Point C nuclear power station
Hinkley_Point_C_nuclear_power_station
In business operations, controlling the process of production of goods
management software Line management National Institute of Industrial Engineering Performance metrics Project management Project production management
Operations_management
Creation and maintenance of software
engineering which also includes organizational management, project management, configuration management and other aspects. Software development involves
Software_development
Construction manager
site, management of vendors and trades, and the communication of information to all involved parties throughout the course of a building project. In the
General_contractor
Watershed Project (NNWP) is a World Bank assisted project undertaken by the Government of India to support the Integrated Watershed Management Program (IWMP)
Neeranchal National Watershed Project
Neeranchal_National_Watershed_Project
Guidance on project management
ISO 21500, Guidance on Project Management, is an international standard developed by the International Organization for Standardization, or ISO starting
ISO_21500
Structured assessment of the viability of a project
Feasibility study John Filicetti (August 2007), PMO and Project Management Dictionary Cost-Benefit Analysis, 2nd edition, (2001) by Boardman, Greenberg
Project_appraisal
Checking software against expectations
successful military IT projects: a cross-country empirical study". International Journal of Information Systems and Project Management. 11 (2): 25–44. doi:10
Software_testing
Engineering organization in the US
comprehensive publication, the Total Cost Management Framework: An Integrated Approach to Portfolio, Program and Project Management. AACE currently manages eight
AACE_International
Movement of money into or out of a business, project, or financial product
Cash flow, in general, refers to payments made into or out of a business, project, or financial product. It can also refer more specifically to a real or
Cash_flow
Type of chart to show a project schedule
information visualization Event chain methodology Float (project management) List of project management software, which includes specific Gantt chart software
Gantt_chart
Process ensuring that changes to a product or system are controlled
back-out activities, and cost-effective utilization of resources involved in implementing change. According to the Project Management Institute, change control
Change_control
Approach to optimizing staff in a workplace
organization and management in the coming years. Medical outsourcing Meeting scheduling tool Project workforce management Project management Strategic service
Workforce_management
Cost of a company's funds
opportunity cost of capital. If a project is of similar risk to a company's average business activities it is reasonable to use the company's average cost of capital
Cost_of_capital
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