Cost engineering - The application of scientific and engineering principles to several aspects of cost management. Among other things, cost engineers contribute to estimation procedures and project cost management. Cost engineering may also be called project controls in some industries.
Cost management plan - This plan details how project costs will be planned, funded, and controlled. It is a part of the project management plan.
Cost of quality - The cost associated with ensuring project quality. This cost may mean the difference between unacceptable and acceptable project results.
Cost overrun - A cost overrun occurs when unexpected costs cause a project’s actual cost to go beyond budget.
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