What Costing& Budgeting Process in Project Cost Consultant From Project Manager to Billing Engineer

Question

Accepted Answer

The costing and budgeting process involves collaboration between the project manager, project cost consultant, and billing engineer.

The project manager provides the project cost consultant with the project scope, schedule, and budget.
The project cost consultant develops a cost estimate based on the project requirements and provides it to the project manager for approval.
The billing engineer uses the cost estimate to develop a billing schedule and invoices the client based on the project milestones.
The project cost consultant monitors the project costs and provides regular updates to the project manager.
The project manager and project cost consultant work together to identify cost-saving opportunities and adjust the budget as needed.

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