Project Cost Management System (PCMS) is a framework or software solution designed to help project managers and teams track, plan, control, and monitor the costs associated with a project. This system ensures that a project is completed within its approved budget and provides the tools to manage resources efficiently. A well-designed PCMS helps avoid cost overruns, allocate resources effectively, and forecast financial needs throughout the project lifecycle.
Project Cost Management System (PCMS) is a framework or software solution designed to help project managers and teams track, plan, control, and monitor the costs associated with a project. This system ensures that a project is completed within its approved budget and provides the tools to manage resources efficiently. A well-designed PCMS helps avoid cost overruns, allocate resources effectively, and forecast financial needs throughout the project lifecycle.