This report details a project cost management plan developed for the BSBPMG514 unit at Lonsdale Institute. Section 1 covers the project cost plan, including the cost management approach, resource requirements, cost estimation, and cost monitoring and control processes. It outlines how the project expenses were estimated, the budget was determined, and the contingency approach was defined, incorporating project context, risk level, and contingency factors. Section 2 discusses project cost execution and evaluation, addressing budget cuts and their impact on project progress, including risks, resource requirements, and interdependencies, and proposes changes and actions to maintain key project objectives. The report includes a project budget with categories of expense, references to the work breakdown structure, and relevant comments on possible cost variances.