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Section outline
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This lecture covers the following:
- Understand the importance of project cost management
- Explain basic project cost management principles, concepts, and terms
- types of cost estimates and methods for preparing them
- Understand the processes involved in cost budgeting and preparing a cost estimate and budget for an information technology project
- Understand the benefits of earned value management and project portfolio management to assist in cost control
- Describe how project management software can assist in project cost management
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