**Intact Gift Giving Condition book**
While it may appear simple, identifying all project costs is perhaps the most challenging task for a project manager and team. The project management knowledge area of cost management is concerned with estimating, budgeting, and controlling the budget to stay within the approved expenditures for a project. In addition to the basic costs of resources, additional charges may stem from economic conditions, equipment operating expenses, loan and bond repayments, and various other expenses. Plus, project practitioners must be flexible to meet all organizational policies and norms.