Examples of cost management issues

This is a common example of a challenge in cost controls where the mission is to create a unified, standard process or system out of disparate data sources for financials, schedules, timesheets, and the multitude of details tied to each.
P6 housed the WBS, which was then pushed to SAP via EcoSys, which served as the basis for its WBS.

Cost management is the process of planning, monitoring and controlling spending.
The following are common examples of cost management.
Developing accurate cost estimates to support spending decisions.
For example, an construction firm that validates cost estimates with reference class forecasting.

Controlling changes within a project can prove to be the most difficult aspect of cost management.
While a budget may be set for a project, inevitably a variation or scope change will come into play.
Established business rules must be followed based on the type of contract or type of project and organization is working with.