Cost Control

Start with a cost management plan

A useful starting point is the map on how project costs will be controlled. It brings together the cost management plan, measurements, variances, changes, and corrective and preventive actions. Follow these branches to see the terms presented together, then return to any part you want to study more closely.

Next, open a map that describes comparing progress with a plan and making adjustments. Its focus on unexpected events and their impact on a budget gives you another way to approach the material.

Explore inputs and methods

The maps also list information used in cost control. Look for project funding requirements, the project management plan and work performance data. A map organized around inputs and outputs includes a cost baseline and a cost management plan.

Other maps include methods such as reserve analysis and earned value management. Compare their branches with the cost management plan map to see which terms appear together. You can also use the map titled Cost Control as another place to explore the topic.

Use a quiz alongside a map

There are no quizzes listed on this page, but a free account lets you make your own. Turn terms from a map into questions, try answering them, then check the map to see what you remembered. For example, ask yourself which items appear alongside work performance data in a map.

Place the topic in its unit

Cost Control is a section of the Project Cost Management unit in Business administration and management (incl. project management). Use the maps to study this section, then return to the unit when you are ready to place it in that broader context.

Explore the maps and make a quiz of your own.