Park University Cost Management Discussion

Description

After reading and watching this weeks material, engage in an active discussion regarding cost management. We focus on cost management which is an integral aspect of a project to ensure the budget stays on track. Explain what a cost baseline and a performance measurement baseline are. Also, denote the various types of cost estimation and denote how they differ.
After reading and watching this weeks material, engage in an active discussion regarding the differences between contingency and management reserves. Denote the differences between contingency and management reserves. Why is it important to denote the differences? What can these factors denote about a project?
After reading and watching this weeks material, engage in an active discussion regarding cost quality. Answer the following questions: What is the cost of quality and who determines when there is enough quality in the project?

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