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1. Define the concept of project cost management, what are its important elements, and why are they important? 2. What criteria should the project manager

1. Define the concept of "project cost management", what are its important elements, and why are they important? 2. What criteria should the project manager use to decide which estimate to use? 3. Argues about what is most important: whether to finish the project meeting the objectives set, even if the cost estimates are not met, or whether to meet the costs, even if this means not meeting any objective?

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