wk 6 excel project management

Instructions

This essay assignment explores the principles and practices of project cost management. Students will examine the significance of effectively estimating, budgeting, and controlling project costs to ensure financial success and achieve project objectives.

For this assignment, you will write a short essay on Project Cost Management addressing the following:

• Importance of project cost management in project success.
• Methods for estimating project costs, including bottom-up and top-down estimation.
• Discuss key EVM metrics, including Planned Value (PV), Earned Value (EV), and Actual Cost (AC).
• The importance of communicating cost updates and forecasts transparently to stakeholders.

Submit

Submit a Word Document containing your assignment and the following requirements:

• Essay is a minimum of 600 words
• APA Requirements
• 1 inch margins
• Times New Roman 12 pt font
• Double-Spaced
• Title Page
• Reference Page
• Minimum 2 sources