What is Cost Control in Project Management?

Cost control is the task of overseeing and managing project expenses and preparing for potential financial risks. This is typically the project manager's responsibility. Cost control involves managing the budget, as well as planning, and preparing for potential risks. Risks can set projects back and sometimes even require unexpected expenses. Preparation for these setbacks can save your team time and potentially, money.

Change management in project management is the structured use of tools, processes, and leadership to manage how changes affect projects, teams, and stakeholders. It combines overseeing project work with supporting people through transitions, ensuring changes are understood, accepted, and adopted while minimizing disruption and helping projects achieve their intended goals successfully.