Cost management of a project

Project cost Management book

The following are some best practices for managing project costs.

1. Establish Clear Cost Controls During Planning.
Controlling project costs means establishing controls for each expenditure.
2. Plan Labor Costs
3. Track Cost Metrics Regularly
4. Continually Track Project Scope

Project cost Management book

They typically fall into two categories:
Direct costs: Examples of direct costs include fixed labor, materials, and equipment.
They are typically one-off costs that come from a single department or the project itself.
Indirect costs: Examples of indirect costs include utilities and quality control..