Abstract

Cost management represents a fundamental element of successful project management in the modern business environment. With increasing demands for resource optimization within a limited budget, effective cost management becomes crucial for project success across various industries. This paper explores interaction between cost management and critical success factors of projects, focusing on identifying key aspects that directly or indirectly influence project success through efficient cost management. Through analysis of relevant literature and the application of appropriate research methodology, the aim of this paper is to provide a better understanding of how cost management approaches can impact various aspects of project success, as well as to identify effective practices that organizations can implement to enhance the performance of their projects.

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