Cost Planning and Cost Control Divine Enigma

In this episode, I explain the concepts of Cost Planning and Cost Control, highlighting the difference between the two and how they are applied by the project manager to achieve the goal of the project.Cost planning is the process of estimating the cost of a project before it starts, based on the estimated costs of its smaller components. Cost control is the process of monitoring and controlling the cost of a project and its progress by comparing the actual costs with estimates and making adj...