What typically happens to project costs over time in a well-managed project?

In a well-managed project, project costs may fluctuate due to various factors such as changing resource allocations, unexpected expenses, and adjustments in project scope or timeline. These fluctuations can be influenced by the dynamic nature of project work, where elements such as labor rates, material costs, and unforeseen risks can cause deviations from initial budget projections.

Well-managed projects typically incorporate mechanisms for monitoring and controlling costs, which allows for adjustments when necessary, leading to variations rather than a straightforward trend of stabilizing or decreasing costs. The capacity to adapt and respond to these changes is a hallmark of effective project management, helping to mitigate risks and ensure that the overall project remains aligned with its financial objectives.