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Jul 8, 2014 - Project Cost Management L7 Project Cost Mgmt 1 Project Cost Management Project Cost Management Overview Plan Cost Management Estimate Costs Project Cost Management. Chapter 7 – Information Technology Project Management. EECS 811 – Spring 2014. University of Kansas. Alex Oyler. 1 What is Project Cost Management? • Processes that help to estimate, budget, and control cost so as to ensure that the project is completed within the approved 7.3 Cost Budgeting—allocating the overall cost estimate to individual work items. 7.4 Cost Control—controlling changes to the project budget. These processes Oct 1, 2007 -Describe how resource planning relates directly to project cost management. • Explain cost estimating using definitive, budgetary, and rough order of magnitude. The PMBOK® Project Cost Management Processes. 9 This eBook describes the process of cost management in projects. They can be downloaded in PDF,.