{"id":999973393,"date":"2025-05-12T17:19:02","date_gmt":"2025-05-12T10:19:02","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999973393"},"modified":"2026-06-09T13:48:28","modified_gmt":"2026-06-09T06:48:28","slug":"what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/","title":{"rendered":"What is project management cost norm? How to optimize project management cost effectively"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Project management cost norms and project management costs are two particularly important concepts in operations, especially with construction investment projects, software development, or manufacturing. The following article by <\/span><a href=\"https:\/\/bizzi.vn\/\"><span style=\"font-weight: 400;\">Bizzi<\/span><\/a><span style=\"font-weight: 400;\"> will provide full information to clarify project management cost norms as well as how to manage these costs.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Dinh_nghia_dinh_muc_chi_phi_quan_ly_du_an\" >Definition of project management cost norms\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Chi_phi_quan_ly_du_an_gom_nhung_khoan_nao\" >What are the project management costs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Vai_tro_cua_viec_xac_dinh_dinh_muc_chi_phi_quan_ly_du_an\" >The role of determining project management cost norms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Cach_tinh_dinh_muc_chi_phi_quan_ly_du_an\" >How to calculate project management cost standards\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Dinh_muc_chi_phi_quan_ly_du_an_cu_the_theo_quy_mo_va_loai_cong_trinh\" >Specific project management cost norms according to scale and type of project\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Vi_du_thuc_te\" >Real life example:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Dinh_muc_chi_phi_quan_ly_du_an_co_the_dieu_chinh_duoc_khong\" >Can project management cost norms be adjusted?\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Khi_nao_duoc_dieu_chinh_dinh_muc_chi_phi_quan_ly_du_an\" >When is the project management cost standard adjusted?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Nguyen_tac_dieu_chinh_dinh_muc_chi_phi_quan_ly_du_an\" >Principles for adjusting project management cost norms<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Tu_dong_hoa_quan_ly_chi_phi_du_an\" >Automate project cost management\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/what-is-project-management-cost-criteria-how-to-optimize-project-management-costs-effectively\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Dinh_nghia_dinh_muc_chi_phi_quan_ly_du_an\"><\/span><b>Definition of project management cost norms\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Project management costs are all the costs required to carry out management work throughout the life cycle of the project. In other words, project management costs are the maximum amount of money needed to manage the project within the specific time period and scope of work that has been reviewed and approved.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This cost is determined based on a percentage or estimate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what is a project management cost norm? A project management cost norm is the ratio or maximum allowable cost level for project management compared to the total cost of the project. In many industries (especially construction), this norm is regulated by state agencies, such as the Ministry of Construction (according to Circulars and Decrees).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example: Project under 15 billion: standard 2.5%, Project over 500 billion: standard reduced to 0.5-1%. A construction investment project with a total cost of 100 billion VND, according to regulations, the maximum allowed project management cost is 1.5%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, project management cost = 1.5% \u00d7 100 billion = 1.5 billion VND<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">This level helps control budgets and ensures that management costs are not overstated.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Note: The determination must be consistent with the form of management organization, implementation time, scale and characteristics of the project.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Chi_phi_quan_ly_du_an_gom_nhung_khoan_nao\"><\/span><b>What are the project management costs?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Project management costs as prescribed in Clause 2, Article 30 of Decree 10\/2021\/ND-CP and Decree 32\/2015\/ND-CP include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Salaries for project managers and wages paid to employees under contract, along with allowances, bonuses, collective benefits and mandatory contributions (social insurance, health insurance, unemployment insurance, union fees, etc.).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Costs of applying science and technology, managing construction information systems, and training to improve the capacity of project management staff.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cost of paying for public services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Office supplies costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Information, propaganda and communication costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cost of organizing conferences related to the project.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Business expenses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Cost of renting, repairing, purchasing assets for project management.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">Other costs and contingency costs.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999973397\" aria-describedby=\"caption-attachment-999973397\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999973397 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-4.png\" alt=\"bizzi-project-cost-management-criteria 4\" width=\"1024\" height=\"576\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-4.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-4-300x169.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-4-768x432.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-4-18x10.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999973397\" class=\"wp-caption-text\">Project management costs are all costs required to perform management work throughout the project life cycle.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Vai_tro_cua_viec_xac_dinh_dinh_muc_chi_phi_quan_ly_du_an\"><\/span><b>The role of determining project management cost norms<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Determining project management cost norms plays a very important role in the process of establishing, managing and implementing projects, especially investment projects in construction, technology, production, etc.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reasonable budget and cost control: Accurately estimate the costs required for project management, avoiding overspending or uneven allocation between cost categories.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase transparency and legal compliance: Reduce inspection and audit risks and avoid over-declaration or under-management of costs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Basis for establishing and appraising financial plans and investment plans for each stage; Helping parties (investors, contractors, management agencies) easily compare and appraise cost options.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allocate resources appropriately in the project: Organize appropriate management personnel; Allocate costs for activities: operation, supervision, reporting, administration, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve project implementation efficiency: Management tasks will be performed more systematically and effectively; Minimize errors, risks, and losses during implementation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a basis for comparison and evaluation of project effectiveness: Cost efficiency, Level of &quot;savings&quot; or &quot;waste&quot; in management.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cach_tinh_dinh_muc_chi_phi_quan_ly_du_an\"><\/span><b>How to calculate project management cost standards\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">General method: Determined by percentage applied to total construction and equipment costs (excluding VAT).<\/span><\/p>\n<p><b>Project management cost = Total investment \u00d7 Project management rate (%)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This rate is stipulated in legal documents (for public investment or construction projects). It may vary depending on the type of project (civil, industrial, transport, irrigation, etc.) or the scale of the total investment.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dinh_muc_chi_phi_quan_ly_du_an_cu_the_theo_quy_mo_va_loai_cong_trinh\"><\/span><b>Specific project management cost norms according to scale and type of project\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to Circular No. 11\/2021\/TT-BXD of the Ministry of Construction (applicable to construction investment projects), project management cost norms are prescribed according to construction cost scale and type and level of construction, specifically as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 20 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (2.784%), Industry (2.930%), Transport (2.491%), Agriculture &amp; Rural Development (2.637%), Technical Infrastructure (2.344%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 50 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (2.486%), Industry (2.616%), Agriculture &amp; Rural Development (2.355%), Transport (2.225%), Technical infrastructure (2.093%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 100 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (1,921%), Industry (2,021%), Transport (1,719%), Agriculture &amp; Rural Development (1,819%), Technical Infrastructure (1,517%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 200 billion VND:<\/b><span style=\"font-weight: 400;\"> (Note: the ratios listed in the source may differ from the summary table, clarification or use of the table is required).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 500 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (1,442%), Industry (1,518%), Transport (1,290%), Agriculture &amp; Rural Development (1,366%), Technical Infrastructure (1,214%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 1000 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (1,180%), Industry (1,242%), Transport (1,056%), Agriculture &amp; Rural Development (1,118%), Technical Infrastructure (1,020%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 2000 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (0.912%), Industry (1.071%), Transport (0.910%), Agriculture &amp; Rural Development (0.964%), Technical Infrastructure (0.856%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 5000 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (0.677%), Industry (0.713%), Transport (0.606%), Agriculture &amp; Rural Development (0.642%), Technical Infrastructure (0.570%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Under 10,000 billion VND:<\/b><span style=\"font-weight: 400;\"> Civil (0.486%), Industry (0.512%), Transport (0.435%), Agriculture &amp; Rural Development (0.461%), Technical Infrastructure (0.409%).<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999973394\" aria-describedby=\"caption-attachment-999973394\" style=\"width: 834px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999973394 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an.png\" alt=\"bizzi-project-cost-management-criteria\" width=\"834\" height=\"717\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an.png 834w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-300x258.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-768x660.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-14x12.png 14w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><figcaption id=\"caption-attachment-999973394\" class=\"wp-caption-text\">Project management cost norms are regulated according to construction cost scale and type and level of construction.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Vi_du_thuc_te\"><\/span><b>Real life example:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A traffic construction project has a total investment of 200 billion VND.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0According to the table above, the nominal rate = about 1.585% (taken as the middle level of the range 100\u2013500 billion).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Project management cost = 200 billion \u00d7 1.585% = 3.17 billion VND<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Dinh_muc_chi_phi_quan_ly_du_an_co_the_dieu_chinh_duoc_khong\"><\/span><b>Can project management cost norms be adjusted?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The answer is yes. Project management cost norms can be adjusted, but must comply with certain principles and conditions depending on the type of project and the management agency.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Khi_nao_duoc_dieu_chinh_dinh_muc_chi_phi_quan_ly_du_an\"><\/span><b>When is the project management cost standard adjusted?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In practice, the issued norms are only guidelines and maximum frameworks, so they can be adjusted in the following cases:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Case\u00a0<\/strong><\/td>\n<td><strong>Characteristic<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Projects of a special or complex nature<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Many small, geographically dispersed bids<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Requires strict management of progress, quality and safety<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Has high technical elements, new technology, or pilot projects<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\"> Project implementation conditions change<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Extend project implementation time (many years)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Affected by natural disasters, epidemics, wars...<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjust scale and total investment<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Applicable to projects not subject to mandatory use of state standards.<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investment projects using private capital, PPP, or ODA capital have specific conditions.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Nguyen_tac_dieu_chinh_dinh_muc_chi_phi_quan_ly_du_an\"><\/span><b>Principles for adjusting project management cost norms<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To adjust project management cost norms, businesses or investors need to comply with the following principles:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Principle<\/b><\/td>\n<td><b>Describe<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Have clear calculation and explanation basis<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The reason for adjustment must be specific, accompanied by a cost analysis table and increased workload.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Must be approved by competent authority<\/span><\/td>\n<td><span style=\"font-weight: 400;\">For example: Investor approval for private capital projects, or Ministry approval for State capital projects.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Do not exceed the legal limit (if any)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Unless there is a special decision or separate mechanism (pilot, specific).<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Update to total investment or estimate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Adjusting project management costs entails adjusting the cost structure or cost structure.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<figure id=\"attachment_999973396\" aria-describedby=\"caption-attachment-999973396\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999973396 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-2.jpg\" alt=\"bizzi-project-cost-management-criteria 1\" width=\"1024\" height=\"640\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-2.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-2-300x188.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-2-768x480.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-dinh-muc-quan-ly-chi-phi-du-an-2-18x12.jpg 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999973396\" class=\"wp-caption-text\">Adjusting project management cost norms must comply with specific principles.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Tu_dong_hoa_quan_ly_chi_phi_du_an\"><\/span><b>Automate project cost management\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As projects become increasingly complex, multi-phased, and involve multiple stakeholders, the use of technology and project management software has become essential for effective cost control. Modern management platforms not only help track progress but also integrate powerful financial features, streamline approval processes, monitor spending, and ensure budget compliance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The benefits of project cost management software include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish and control project cost limits according to company policy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automate the process of creating \u2013 approving \u2013 recording expenses<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track costs in real time, get visual reports on costs incurred by each stage, item, supplier...<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure tax validity (input invoices)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Connect to accounting system \u2013 ERP<\/span><\/li>\n<\/ul>\n<p><b>Bizzi<\/b><span style=\"font-weight: 400;\"> is a cost management and electronic invoice processing automation platform that is being used by many large enterprises in Vietnam. Bizzi&#039;s outstanding features include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Automatically collect and compare electronic invoices with approval data:<\/b><span style=\"font-weight: 400;\"> Helps detect discrepancies and avoid errors before entering them into the accounting system.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Set up cost limits by management level, project, department: <\/b><span style=\"font-weight: 400;\">Easily track whether spending is within approved limits.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Flexible approval flow, integrating multiple approval levels: <\/b><span style=\"font-weight: 400;\">Depending on the organizational structure, different approval steps can be configured (leader \u2192 CFO \u2192 CEO).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Integrating digital signature and storing electronic documents:<\/b><span style=\"font-weight: 400;\"> Helps manage payment records closely, without losing documents.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Intuitive Dashboard: <\/b><span style=\"font-weight: 400;\">Provide detailed reports on costs by time, unit of use, invoice status\u2026<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Above is all the information about project management costs as well as effective management of project management cost norms. Project management cost norms can be adjusted if there is a reasonable reason, clearly explained and approved by the competent authority. Adjustments must be careful to ensure that the total investment is not exceeded unnecessarily and still comply with legal regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Applying technology and software like Bizzi not only helps businesses automate project cost management, but also ensures transparency, tax compliance and control of spending according to internal policies. This is especially necessary when businesses implement multiple projects in parallel or have complex accounting systems.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sign up here to try Bizzi products: <\/span><a href=\"https:\/\/bizzi.vn\/dang-ky-dung-thu\/\"><span style=\"font-weight: 400;\">https:\/\/bizzi.vn\/dang-ky-dung-thu\/<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Schedule a demo: <\/span><a href=\"https:\/\/bizzi.vn\/dat-lich-demo\/\"><span style=\"font-weight: 400;\">https:\/\/bizzi.vn\/dat-lich-demo\/<\/span><\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Project management cost norms and project management costs are two particularly important concepts in\u2026<\/p>","protected":false},"author":56,"featured_media":999973395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[263],"tags":[],"class_list":["post-999973393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kien-thuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999973393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999973393"}],"version-history":[{"count":3,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999973393\/revisions"}],"predecessor-version":[{"id":999973409,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999973393\/revisions\/999973409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999973395"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999973393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999973393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999973393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}