Cost Management
5 entries in Cost Management.
Showing 5 of 5 · sorted by a–z
Change Order Management
The contractual and operational process of identifying, pricing, negotiating, approving, and incorporating changes to the original scope of work — the single largest source of cost growth and disputes on construction projects.
Cost Loading
Assigning budgeted cost to each schedule activity so the time-phased schedule itself becomes the project budget baseline used for earned value and cash-flow forecasting.
Force Account Work
Work performed on a time-and-materials basis — used when scope is too uncertain to price as a lump sum, with strict daily records to substantiate cost.
Job Cost Reporting
Periodic financial reporting that consolidates committed, actual, accrued, and forecast costs against the project budget at the cost-code level.
Zero-Based Budgeting
A budgeting method that builds every cost from a zero base for each new period, requiring justification for every line item rather than incremental adjustment of the prior budget.