The essence of project management is the management of human resources, material assets, and other capital, toward the successful completion of a project's goal.

Every decision to initiate a project should be based at least in part on the expectation that an important strategic goal will be accomplished by committing limited financial resources, and that the project will deliver value to the sponsor that exceeds the planned cost by an adequate margin.

Cost management processes, interacting with each other and with processes of other project management areas, create accurate estimates and use objective, quantitative methods, such as Earned Value Management (EVM), discussed later in the book, to help monitor and control costs. 

Our excel program will allow you to have a better perception of cost estimating and will leave you and your team with a remarkable amount of information at your finger tips. 

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