ACCTG 432 Cost Management

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Short introduction of the course:

Cost management is the process of estimating, allocating, as well as controlling project costs. The value management process allows a business to predict future expenses to scale back the probabilities of budget overrun. Projected costs are consideredall through the design stage of a project as well as essential be accepted before work starts.

As the project plan is performed, expenditures are recognizedas well as hunt down, so equipment stay contained by the value administration plan. As soon as the project is finished, foreseen costs as well as actual costs are compared, as long as benchmarks in place of future cost administration plans as well as projectfinancial plan.

Cost project management is significant to an organization's project planning process. Worldwide facilities business Accenture has faith inmaintainable cost management have to be "part of the company's DNA."

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