Project Cost Overruns – Reasons, How to Prevent and Manage

Companies initiate projects for several reasons. In a medium to large size organization, there are several departments working on different projects. The Project Management Office, also known as PMO, manages the initiation, execution, and successful project delivery in an organization. However, project cost overruns are an inevitable fact that happens in every organization. We will […]

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cost management

4 Main Processes of Cost Management

Cost Management is a really important one among all the project management knowledge areas. There are several activities in a project, several project resources work on project activities and several materials, tool and equipment are used to complete the project scope. All these require a budget to be allocated. Because you need to purchase tools, […]

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