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Project Cost Control PDF

This document outlines the process for managing changes to a project's approved cost. When a change occurs that impacts costs, the project manager works with the project control team to analyze the cost impact. If the change requires a modification, a recovery plan is proposed, assessed, and approved. The approved recovery plan and any associated scope changes are then documented in a cost change request for final approval and distribution.

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syafrands
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© Attribution Non-Commercial (BY-NC)
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Download as PDF, TXT or read online on Scribd
972 views

Project Cost Control PDF

This document outlines the process for managing changes to a project's approved cost. When a change occurs that impacts costs, the project manager works with the project control team to analyze the cost impact. If the change requires a modification, a recovery plan is proposed, assessed, and approved. The approved recovery plan and any associated scope changes are then documented in a cost change request for final approval and distribution.

Uploaded by

syafrands
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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Project Cost Change

Initiator Project Control Project Manager Customer Document

Approved Project
Work Result
Cost

Cost Project Cost


Performance Project Report
Analysis
Report

Modification
Requirement
?

Yes

Recovery
Plan
Required?

Yes

No

Approval &
Update Cost Distribution

Recovery Plan
Proposal
Propose Recovery Plan
Approval Approval
Assess Cost Impact
Transmittal Sheet
Approval
L

Approved
Recovery Plan

Approved Scope
Change Cost Change Log
Assign Cost
Change ID

Approval
Distribution

Approval
L

Cost Change Cost Change Request


Request

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