Cost management programme

  • Cost management techniques

    Cost Management is a function which includes the processes that are required to maintain effective financial control of projects (evaluating, estimating, budgeting, monitoring, analyzing, forecasting and reporting the cost information)..

  • How is cost management done?

    While cost management overall is a complicated process and a critical project management knowledge area, we can break it down into four processes:

    Resource planning. Cost estimation. Cost budget. Cost control..

  • What does programme cost management entails?

    Project cost management is the process of estimating, budgeting and controlling costs throughout the project life cycle, with the objective of keeping expenditures within the approved budget..

  • While cost management overall is a complicated process and a critical project management knowledge area, we can break it down into four processes:

    Resource planning. Cost estimation. Cost budget. Cost control.
While cost management is viewed as a continuous process, it helps to split the function into four steps: resource planning, estimation, budgeting and control. They are mostly sequential, but it's possible that some resource changes happen midway through the project, forcing the budgets to be adjusted.

Why do you need a cost management plan?

This will help to course-correct should a cost increase out of budgetary range and keep the project from ballooning out of control.
Ultimately, your cost management plan will help you to both plan for the project cost, and manage your project cost throughout the course of the project’s life cycle.

Cost management programme
Cost management programme

Programme of the European Commission

Copernicus is the Earth observation component of the European Union Space Programme, managed by the European Commission and implemented in partnership with the EU Member States, the European Space Agency (ESA), the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT), the European Centre for Medium-Range Weather Forecasts (ECMWF), the Joint Research Centre (JRC), the European Environment Agency (EEA), the European Maritime Safety Agency (EMSA), Frontex, SatCen and Mercator Océan.

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