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nuneybaby
nuneybaby
18.12.2019 • 
Business

The cost management plan provides guidelines to the project manager and other stakeholders and serves all of the following purposes

a. it shows how to develop and share relevant, accurate and timely information on cost that the project manager, sponsor and other stakeholders can use to make intelligent and ethical decisions.
b. it all project stakeholders focus appropriately on schedule and cost performance.
c. it provides feedback, thereby showing how the project’s success is linked to the business objectives for which it was undertaken.
d. it documents how the project statement of work and business case should be created.

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