Module 8: Cost & Procurement

Learning Objectives

After reading this chapter, you will be able to:

  1. Define basic terms such as budget, estimate, price, cost, and value.
  2. Discuss the relationship between cost and budget.
  3. Explain basic concepts related to budgeting.

Text Attributions

This chapter of Project Management is a derivative the following texts:

Essentials of Project Management by Adam Farag is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

License

Icon for the Creative Commons Attribution 4.0 International License

Project Management Basics Copyright © by Sharon Blanchard is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.