Cost control in engineering projects happens to be one of the many responsibilites given to me. In my latest attempt to re-ignite the passion for reading books, i started scrolling through a huge collection of e-books i had and stumbled upon the following image which was clearly capturing the entire essence of "Project Cost Control"..
While it might appear very simple theoretically, the individual elements such as schedule, milestones, progress, expenditure, cash-flow, forecasts and resources can send shivers down your spine. It is no strange thing that "Project Controls" has become a very important thing of "Project Management"...
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