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is the process by which a project organisation ensures that its budgeted costs are achieved under changing conditions According to the pre-drafted plan and standards, using various methods, the project implementation process of various actual costs and the planned cost to compare, check, monitor, guide and correct, as far as possible to make the actual cost of the project control within the scope of the plan and budget management process. (A simple phrase: controlling changes to the project budget)

Project Management Plan Request for Change Regardless of the method and technique used to prepare the cost budget for the project, it is necessary to go through the following three steps: to establish a budgeted cost for each work package, the total cost of all work packages must not exceed the total cost; to allocate the budgeted cost obtained from the work package allocation to the activities of the work package; to determine the time schedule for each cost and to develop a project cost budget plan.

appropriate adjustments to the cost budget for each project work 3) A yardstick to provide a gauge for the progress of the project, which allows the project to be kept up to date. Input Tools and Techniques Outputs Project Scope Statement Work Breakdown Structure WBS Dictionary Activity Cost Estimation Supporting Details for Activity Cost Estimation Project Schedule Plan Total Cost Management Reserve Parameters Model Principles of Rational Method of Spending Cost Baseline Plan