Cost Management

• CBS Definition
• Budgetary control & cost managementalignment
• Finance projections / fundingrequirements
• Cost recording & reporting of:
• Committed costs
• Budgets / approved costs
• Actuals
• Remaining
• Out-turn
• Accruals
• Cost & performance reviews
• Trend analysis
• Stage gate governance reviews

Benefits include:

• Establishing accurate baseline cost
• Establishing the timing of the expenditure
• Monitors & controls project costs
• Early warning of overspends