Reference no: EM132300759
Explain the components of the cost management plan
Currencies of estimates
Levels of accuracy
Reporting formats
How to measure cost performance
Types of cost eg. Direct, indirect, fixed, variable
Development of cost baseline for comparative measurements
Acceptable cost variance threshold
How to control cost changes?
Control accounts information
How to estimate cost , determine budget and control cost
Funding decisions to be made
How cost will be documented
How to deal with price and exchange rate changes
Team members responsible for activities