👉 The Costs Project involves identifying, quantifying, and managing all direct and indirect expenses associated with a specific project or phase of a larger initiative. This includes costs like labor, materials, equipment, overheads, and contingencies, ensuring accurate budgeting and financial tracking. Effective management of these costs helps in maintaining project profitability, meeting financial targets, and optimizing resource allocation. It also aids in making informed decisions about project scope, timelines, and risk mitigation strategies.
