Project Management: PMGT 335 Websites

Summarizes the 5 types of project management costs.

From Project Manager website, an overview of the cost management process.

Details the two types of cost estimates.

From the Houston Chronicle business pages, outlines 8 steps to estimating project costs.

Outlines the four steps in project cost management. Also looks at project cost management software.

Sunk cost fallacy, according to the Cambridge English Dictionary, is “the idea that a company or organization is more likely to continue with a project if they have already invested a lot of money, time, or effort in it, even when continuing is not the best thing to do.