In the last chapter, we have seen how to fine-tune a project schedule in Microsoft Project, which involves reviewing the critical path, identifying schedule issues with Task Inspector, delaying a task or assignment and managing inactive tasks, and finally identifying project scheduling problems. This chapter covers budget and cost management in project management, dealing with challenging project costs, and managing work and resource costs. It includes setting up work resources; handling resource capacities, pay rates, and working calendars; and setting resource costs.