. Create a Project Budget and Cost Management Plan for the project (either a workplace project or the case study). Your cost management plan must include:

a. A summary of the project

b. Roles and responsibilities of key stakeholders in relation to budgeting and cost control

c. Clear financial objectives and milestones to establish the cost baseline,

d. Cost estimation process

e. Cost management approach including cost analysis methods and tools you will use to identify cost variations and evaluate alternative actions,

f. Cost variance action plan

g. Cost control and reporting process

h. Activities which will need to be undertaken to finalize the project

i. Review process to evaluate the effectiveness of cost management processes including documenting improvements for future projects.

Your cost management plan should include reference to organizational policies and processes.