Cost Management

A bill of materials (BOM) is a formal and complete hierarchal documentation of the specific items that need to be...

Bottom-up estimating is an extremely helpful technique in project management as it allows for the ability to get a more...

The noun budget is one that is used by nearly every individual and corporation on a daily basis. It can...

The phrase budget at completion (often referred to as BAC) refers to the sum of all budget values that have...

Earned Value, also known by the 2 letter anagram EV, refers to the precise and specific value of all sum...