Project Cost Management definition

Project Cost Management means the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.
Sample 1Sample 2Sample 3

Examples of Project Cost Management in a sentence

  • Project Cost Management includes the processes required to ensure that the project is completed within the approved budget.

  • By purchasing the Project Cost Management process advertised here, you can ensure that all expenses are approved before they are paid.

  • Asked by: Hon LUK Chung-hung (Member Question No. (LegCo use): 36) Reply: To tackle the challenges facing the delivery of public works projects,, we will upgrade the Project Cost Management Office and rename it as the Project Strategy and Governance Office (PSGO) for implementing strategic initiatives and enhancing capabilities in cost surveillance and project governance.

  • Specifically, she perceives that the establishment of outdoor terraces on the other north facing units on the third floor of the Building may very well directly impact her property and its use.

  • The Project Cost Management is defined in this Guideline as “the management process and efforts of the Engineer / PD for increasing the values (quality) of the works and completion of the project within the budget”.

  • Asked by: Dr Hon LAM Tai-fai (Member Question No. 44) Reply: As announced in the 2016 Policy Address and the 2016-17 Budget Speech, the Development Bureau will set up a multi-disciplinary office, the Project Cost Management Office (PCMO), to achieve better cost management by drawing up cost control measures and cost reduction initiatives, and to steer and monitor related work undertaken by project client bureaux and works departments.

  • Project Cost Management and Demand Re-assessment – Korea’s Case 22Box 5.

  • International StandardsICEC continues to develop an Inventory of Best Practice and Standards for Project Cost Management that is available on the ICEC website at http://www.icoste.org/category/resources/.

  • Asked by: Hon LO Wai-kwok (Member Question No. (LegCo use): 2) Reply: We will upgrade the Project Cost Management Office and rename it as the Project Strategy and Governance Office (PSGO) for implementing strategic initiatives and enhancing capabilities in cost surveillance and project governance.

  • It is the responsibility of the applicant to take note of all addendums and any supplementary information issued by the application office.

Related to Project Cost Management

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Project Management The individuals appointed by each Party cf. clause 4.1 in the Agreement.

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co‑ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Project Management Consultant means --------------Not Applicable --------------

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Construction management contract means a contract in which a party is retained by the owner to

  • Project Engineer means the surveyor or engineer employed by or private

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • City’s Project Manager means the City’s employee, or his/her delegate, who is authorized in writing to deal with the Consultant on behalf of the City in connection with the Services, or to make decisions in connection with this Agreement;

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Services means either of the following for construction-manager-at-risk, design-build and job-order-contracting project delivery methods:

  • Stormwater management BMP means an excavation or embankment and related areas designed to retain stormwater runoff. A stormwater management BMP may either be normally dry (that is, a detention basin or infiltration system), retain water in a permanent pool (a retention basin), or be planted mainly with wetland vegetation (most constructed stormwater wetlands).

  • Infrastructure project means any construction or acquisition of treatment works,

  • Temporary clean coal technology demonstration project means a clean coal technology demonstration project that is operated for a period of five years or less and that complies with the SIP and other requirements necessary to attain and maintain the national ambient air quality standards during the project and after the project is terminated.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.