Encyclopedia category

Cost Management

5 entries in Cost Management.

Showing 5 of 5 · sorted by a–z

Letter C · Updated 2026-06-26

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.

Letter C · Updated 2026-06-28

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.

Letter F · Updated 2026-06-28

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.

Letter J · Updated 2026-06-22

Job Cost Reporting

Periodic financial reporting that consolidates committed, actual, accrued, and forecast costs against the project budget at the cost-code level.

Letter Z · Updated 2026-06-22

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.

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