No word count Provide feedback to the post. In your response, address the following questions: Were your thoughts about overlooking project cost

No word countProvide feedback to the post. In your response, address the following questions:Were your thoughts about overlooking project cost management the same as your peer’s thoughts? Explain. How do you and your peer’s ideas compare and differ as far as how cost management can help projects? Explain.below is the postWhen planning a project, planning the cost, budget, and work is an important element to the project. Address the following as related to cost management: • How can overlooking project cost management be detrimental to completing projects within budget? The disadvantage of overlooking project cost management can become over budget. This is why it is important for staying within budget because it can cost the customer or vendor a loss of funds. CM is the process by which companies control and plan the cost of doing business within individual projects. For the CM not to get out of hand the CM should be shown in context or scope of the project. • How could cost management have helped a project you were involved with?I have never been in a project with Cost management but within this class having a budget shows what we need and what we do not so I think that this is important to have.• How can cost management help you in future projects?With cost management it helps individuals projects should have to customize plans and companies as a whole will come back for business. Also CM will keep the project on budget and track. The customer will always know where the money is going. http://www.wisegeek.com/what-is-cost-management.htm

I agree with the solution as cost management is a process that will help the organization to planthe cost that will be required for developing a project. It must not be over looked as it will...