Desklib Cost Management Plan for Garden Development Project

PROJECT COST
MANAGEMENT PLAN
INSTRUCTIONS: INSERT YOUR PROJECT’S NAME
DATE
INSTRUCTIONS: INSERT THE DATE

Table of Contents
1. INTRODUCTION........................................................................................................................2
2. COST MANAGEMENT APPROACH.................................................................................................2
3. MEASURING PROJECT COSTS.......................................................................................................2
4. REPORTING FORMAT.................................................................................................................3
5. COST VARIANCE RESPONSE PROCESS............................................................................................3
6. COST CHANGE CONTROL PROCESS................................................................................................3
7. PROJECT BUDGET.....................................................................................................................4
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1. INTRODUCTION
Instructions: Describe the purpose and contents of this plan.
Write your answer here
The main purpose of the project to design and development of a garden for the local park. For
this plan required to undeveloped land next to a river and conducted various test for land and
result report for soil quality which is quite poor and predominate clay.
2. COST MANAGEMENT APPROACH
Instructions: Explain your approach to the cost management of this project. For example, you
may refer to how you would use a Work Breakdown Structure when managing costs.
Write your answer here
A breakdown or hierarchical depiction of the different project expenses is known as a cost
breakdown system, or CBS. The Work Breakdown Structure's individual cost are represented by
the Cost Breakdown Structure (WBS). The CBS gives a framework for implementing
quantifiable price regulation and is an essential tool for overseeing the financial implications of
every enterprise. For Projects Management to effectively handle the financial element of any
project, the CBS is necessary. It provides the framework for planning that associated with an
increased have used to develop budgeting and compute numerous financial measures, including
planned value and estimation at accomplishment, price to finish, and variations.
3. MEASURING PROJECT COSTS
Instructions: Define how the project’s costs will be measured. For example, the PMBOK focuses
on Earned Value Management for measuring and controlling a project’s costs, such as Schedule
Variance (SV), Cost Variance (CV), Schedule Performance Index (SPI) and Cost Performance Index
(CPI).
Write your answer here
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