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Cost Change Log – Project PASS PMP
Folder: /30-cost-management/
Bloom’s Level: 2 – Understanding (Track, Log, Explain)
Purpose
This log captures all formally approved changes to the project’s cost estimates or cost baseline.
It ensures traceability, audit readiness, and stakeholder visibility into cost impact.
Change Table
| Change ID | Date | Description | Impact ($) | CR Ref | Approved By | Status |
|---|---|---|---|---|---|---|
| COST-001 | Oct 14 | Added $1,200 for glossary redesign (overage on contributor hours) | +1,200 | CR-2025-03 | Sponsor | ✅ Approved |
| COST-002 | Oct 18 | Reduced content styling budget to rebalance buffer | –800 | CR-2025-04 | Sponsor | ✅ Approved |
Usage Instructions
- All cost-related changes must originate with a Change Request
- Log all impact (positive or negative) with supporting context
- Update the Cost Baseline and Cost Estimates after approval
Status Codes
| Code | Meaning |
|---|---|
| ✅ Approved | Implemented |
| 🕓 Pending | Awaiting review |
| 🔄 In Review | Being evaluated |
| ❌ Rejected | Not approved |
📎 Related Artifacts
📌 This log is the authoritative record of all cost changes. No cost adjustment may be made without an entry here.