Cost management includes processes that ensure that the project is completed within the approved budget. The processes included here are Resource planning, Cost estimating, Cost budgeting and Cost Control

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objective is to acquire a thorough understanding the subject of project management and its core area. Project management is application of knowledge, skills, tools and techniques to project activities to meet project requirements.

The purpose of risk management is to maximize the events that cause project success and to minimize those that hamper it. Risk management includes risk management planning, risk identification, risk analysis, creating a risk response plan and monitoring and controlling risk on a project.

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Quality is defined as the degree to which a set of inherent characteristics fulfill requirements stated and unstated by the customer. Quality management processes determine quality policies relevant to the project, establish quality objectives, define a person responsible for quality and addresses quality management of project as well as the product.