Park University Business Project Cost Control Question

Using the readings and other materials this week please focus on creating an essay from research. This assignment allows students the opportunity to use research and analysis skills to answer the questions for this week’s critical thinking assignment.

Unit Learning Outcomes

Analyze the quality concepts associated with project cost control.

Determine the key project stakeholders that manage the level of quality.

• Evaluate the various cost management concepts such as earned value measurement, cost baseline, cost budgets and performance measurement baseline.
• Compare the various cost management concepts that relate to the project, such as various estimating concepts, contingency reserves, management reserves, and control thresholds.
• Analyze peer competencies to understand the strengths and areas of opportunities for each member.
• Directions
• There are many topics on cost management. For this assignment select a cost control or cost measurement topic and denote why it is important to the success of projects.