chapter  5
50 Pages

Project Cost Control

As cautioned by the opening quote above, complexity impedes project control, particularly along the metrics of cost, schedule, and quality. Every project needs procurement and acquisition processes. If those processes are too complex, they negate project control endeavors. With the ever changing economy, cost control is one of the most important steps of controlling any type of project. Low investment projects with high returns of process control and efŒciency improvements are desired. High investment opportunities are still desired if the returns on investment opportunities are below the 2-year mark.