01
Confirm the financial baseline
Project Management / Open project / Business Case / Cost
Review the approved budget and the structure used for following cost.
Project Manager
QUICK GUIDE 20
Monitor project cost
Follow budget, actual cost and forecast so financial deviations become visible early.
02
Update actual cost
Project Management / Open project / Business Case / Cost
Ensure recorded spending reflects the latest available information.
03
Maintain the forecast
Project Management / Open project / Business Case / Cost
Estimate expected remaining cost based on current delivery conditions.
04
Explain deviations
Project Management / Open project / Business Case / Cost
Describe material differences and their likely effect on project outcomes.
05
Use the figures in reporting
Project Follow-up / Open project
Confirm that status reporting and portfolio views use the current financial picture.