Master the full lifecycle of project cost management, from selection and estimation to budgeting, financing, control, and closeout. Project Cost Management: Principles, Tools, Techniques, and Best Practices for Project Finance (Second Edition) delivers a complete, practical guide to managing project finances in any environment.
Aligned with the PMBOK(R) Guide, Eighth Edition, this book provides clear, accessible explanations for aspiring, new, and accidental project managers, while offering the depth and rigor experienced practitioners expect. Whether you manage predictive, agile, or hybrid projects, you'll learn how to identify all project costs, build accurate budgets, forecast performance, and maintain financial control from initiation through closeout.
What You'll Learn
How to identify all project costs, including hidden and overlooked expenses Techniques for estimating, budgeting, and forecasting with confidence How financing, payments, cash flow, and reserves affect project success Practical tools for monitoring and controlling costs throughout execution How to apply earned value management (EVM) without complexity How to close out projects financially, contractually, and operationally
What's New in the Second Edition
Updated terminology and alignment with the PMBOK(R) Guide, Eighth Edition Expanded project selection cost metrics (Chapter 4) A fully reworked chapter on cost estimation, including agile and hybrid methods Updated contracts chapter, including work authorization systems A new chapter on Artificial Intelligence Tools for cost management Improved chapter summaries and editorial refinements across print and ebook editions Updated Table of Contents, References, and Index
Includes Ready-to-Use TemplatesEach chapter ends with Knowledge Nuggets, practical tips and downloadable templates, including:
Project Business Case Cost-Benefit Analysis Cost Management Plan PERT Estimation Depreciation Calculation Budget Presentation Budget Control Chart Cash Flow Forecast
All templates are available online with pre-filled examples so you can apply concepts immediately.
