YancyPM

The plan for the effective financial control of the project through evaluating, estimating, budgeting, monitoring, analyzing, forecasting and reporting the cost information.

The process of assembling and predicting the costs of a project. It includes economic evaluation, project investment cost and the prediction of future trends and costs.

Any system of keeping costs within the bounds of budgets or standards based upon work actually performed.

The allocation of cost estimates to individual project components.

The act of undertaking responsibility for the performance of a contract.

The development of a management plan that uses alternative strategies to ensure project success if specified risk events occur.

To seek a solution to a problem, five methods in particular have been proven through confrontation, compromise, smoothing, forcing and withdrawal.

An imaginative arrangement of a set of ideas.

The different methods to transmit and validate receipt of information so that the recipient understands what the sender intends, and the sender is assured that the intent is understood.

A request needed to obtain formal approval for changes to the scope, design, methods, costs or planned aspects of a project. Change requests may arise through changes in the business or issues in the project. Change requests should be logged, assessed and agreed on before a change to the project can be made.