The Usual Suspects

There are two more outputs of the cost budgeting process. Care to guess which two? Here are the usual outputs:

• Change requests Did you guess this one? Just about any process in a project can generate a change request, and cost budgeting is no different. Of course, the change request must be documented and flow through the integrated change control system. There are no free rides, especially in cost management.

• Cost management plan updates If there's been a change request that is approved, you'll likely have to update the cost management plan. Fascinating.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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