Ehhancing Project Cost Management through Teamwork and Information System

The primary objective of project management is to complete a project within a targeted cost, schedule, and performance standard. Often, the project cost is managed by various parties of an organization with incongruent viewpoints and interests. Different perspectives stemming from their diverse backgrounds and interests can pose a major challenge towards successful project management. The spectrum of perspectives inherent in key players of project cost management is discussed. The problematic areas of project cost management can be reconciled by integrating these key players and use of an efficient information system. The cross-purposes and divergence in key players’ viewpoints can work as an advantage rather than as a hindrance.