PCM (Project Cost Management) is a method used to measure projects' productivity and cost throughout their full lifecycle. The goal of the method is to complete the project on budget. The main challenge is estimating the needed budget for the project, and this method aims at using historical data to estimate the required budget. As the project progresses, actual data is used to measure how close the estimation was and update it if needed.
The Project Cost Management Template can be used for any business or organization and designed with the user in mind.
Format: MS Word
The template helps you in the following ways
- It provides a framework for managing and optimizing the cost of your project, so it's less likely to go over budget or run out of funds before the work has been completed.
- The template consists of an estimation table where you can calculate the estimated budget to ensure the actual budget remains under control.
The template covers the following sections:
- Project estimation table
- Cost change requests
- Payments and invoicing process
- Reporting plan