Cost management is the process of estimating, allocating, committing and tracking project expenditure.

Cost management can also include an assessment of consequential costs in the event of risks occurring.

Why is it important?
Having good visibility of budget allocations and commitments combined with forecast and actual expenditure will ensure that overall change investments are within annual budgetary thresholds.

How does ChangeDirector help?
ChangeDirector provides a broad range of estimation, allocation, commitment, and project tracking capabilities to manage costs at the portfolio, programme and project levels.

Project cost estimates can also be derived from resource estimates using cost rates.