Project Management

7 Elements for Project Cost Management Plans

From the The Money Files Blog
by
A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from RebelsGuideToPM.com.

About this Blog

RSS

Recent Posts

Making social impact part of everyday delivery

Who really owns the project budget? Clarifying financial accountability

How to learn AI the sensible way

Making sense of project cost reports

How real PM mentoring actually works

Categories

accounting, agile, ai, appraisals, Artificial Intelligence, audit, Backlog, Benchmarking, benefits, Benefits Management, Benefits Realization, Bias, books, budget, Business Case, business case, business case, Career Development, Career Development, carnival, case study, Change Management, checklist, collaboration tools, communication, Communications Management, competition, complex projects, Conferences, config management, consultancy, contingency, contracts, corporate finance, corporate finance, cost, Cost Management, cost management, credit crunch, CRM, data, data security, debate, Decision Making, delegating, digite, earned value, Education, Energy and Utilities, Estimating, events, FAQ, financial management, financial management, forecasting, future, GDPR, general, Goals, Governance, green, Information Technology, Innovation, insurance, interviews, it, Knowledge Management, Leadership, Lessons Learned, measuring performance, Mentoring, merger, methods, metrics, multiple projects, negotiating, Networking, news, Olympics, organization, Organizational Culture, outsourcing, personal finance, Planning, pmi, PMO, PMO, Portfolio Management, portfolio management, presentations, privacy policy, process, procurement, product management, productivity, Program Management, project closure, project data, project delivery, Project Success, project testing, prototyping, qualifications, Quality, quality, Quarterly Review, records, recruitment, reports, requirements, research, resilience, Resource Management, resources, risk, Risk Management, ROI, salaries, Schedule Management, Scheduling, scope, Scope Management, security, small projects, Social Impact, social impact, social media, software, software, software, Stakeholder Management, stakeholders, Strategy, success factors, supplier management, team, Teams, testing, testing, timesheets, tips, training, transparency, trends, value management, vendors, video, virtual teams, workflow

Date

linkedin twitter facebook Request to reuse this  

Categories: cost management


What should you include in the cost management plan for your project? If you have a template from your PMO, then it’s best to start there. But if you are designing something from scratch, here are some helpful pointers for the different sections that you should be considering.

Here’s a handy print-out-and-keep guide to what you should be including in project cost management plans. For more details on what each item relates to, check out this article.

What do you think – do you like this kind of graphic? Is it useful or would you prefer more text-based descriptive articles? I’m curious to know what works best for you, so I can make sure I’m writing and creating things that best serve you, so drop a comment below! Thank you!


Posted on: March 19, 2018 09:00 AM | Permalink

Comments (12)

Please login or join to subscribe to this item
avatar
Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia
That's a nice guide Elizabeth. Thanks.

avatar
Drake Settsu Project Manager / Blogger Hi, United States
Good article Elizabeth.

I like your graphic so I vote to have you continue using graphics in your future articles.

avatar
Anish Abraham Privacy Program Manager| University of Washington Auburn, Wa, United States
Good article, and thanks for sharing Elizabeth.

avatar
David Tunks Senior Global Project Manager| CloudPay EspaƱa, Spain
great! thank you!

avatar
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Good Points Elizabeth !

avatar
Najam Mumtaz Retired Lahore, Punjab, Pakistan
Graphics are always better and easy to understand in less time.
Thank you Elizabeth fir sharing it.

avatar
Dr.Vijayakumar Ramasamy Senior Project Manager| RnD Project Management/NPI Kuala Lumpur, Malaysia
Nicely presented in a single chart.

avatar
Napat Sooksamran Project Manager| KASIKORN LINE Co., Ltd. Bangkok, Thailand
That's a good guide.Thanks

avatar
Muthukrishnan Ramakrishnan Automation & Validation Engineer| Automation & Validation Solutions Taichung, Taichung, Taiwan
Helpful article. Thanks

avatar
Felipe Nieves Hampstead, Nc, United States
Great graphic, Thanks Elizabeth

avatar
Michael Delaney Partner| Delaney Management LLC West Chester, Pa, United States
Nice chart, very handy

avatar
Tamer Zeyad Sadiq Assistant Cost Manager| Turner & Townsend Riyadh, Ar Riyad, Saudi Arabia
Beautiful presentation for cost management plan!!!

Please Login/Register to leave a comment.

ADVERTISEMENTS

"In the beginning, the universe was created. This has made a lot of people very angry, and is generally considered to have been a bad move."

- Douglas Adams

ADVERTISEMENT

Sponsors