Arpita Dey
Instructor
thread731-1678429
Calculating and tracking project management costs are crucial for accurate budgeting. It's common to include PM costs in project estimates, ensuring a comprehensive view of expenses. Even during monitoring phases, PMs play a pivotal role, and allocating costs to tasks like "monitoring" provides transparency. This practice ensures a more accurate reflection of the project's true cost. Integrating PM costs from project initiation to closure contributes to effective budget management.
Calculating and tracking project management costs are crucial for accurate budgeting. It's common to include PM costs in project estimates, ensuring a comprehensive view of expenses. Even during monitoring phases, PMs play a pivotal role, and allocating costs to tasks like "monitoring" provides transparency. This practice ensures a more accurate reflection of the project's true cost. Integrating PM costs from project initiation to closure contributes to effective budget management.