Learning Objectives Understand the importance of good project cost management Explain basic cost management principles, concepts, and terms Describe the resource planning, cost estimating, cost budgeting, and cost control processes Explain the different types of cost estimates Understand what is involved in preparing a cost estimate for an information technology project Perform calculations for earned value manageme Understand the benefits of using earned value management Describe how software can assist in project cost management 2021/2/212021/2/21 2 Learning Objectives ◼ Understand the importance of good project cost management ◼ Explain basic cost management principles, concepts, and terms ◼ Describe the resource planning, cost estimating, cost budgeting, and cost control processes ◼ Explain the different types of cost estimates ◼ Understand what is involved in preparing a cost estimate for an information technology project ◼ Perform calculations for earned value management ◼ Understand the benefits of using earned value management ◼ Describe how software can assist in project cost management