THE EFFECTIVENESS OF COST-ORIENTED PROJECT MANAGEMENT PROCESS IN BUSINESSES
In the process of globalization, important distances have been taken in subjects pertaining to project management in the scope of achieving and sustaining international development and economic growth. From the past to the present, projects which could be called outdated have been used and are still being used. Similar to all world countries, the disadvantages have been experienced due to this in our country, and it can be observed that the realized projects do not meet the criteria of “Time, Cost and Scope”. Defects in relation to cost can cause great disadvantages for businesses. Not only companies but also workers and other stakeholders are also adversely affected by this situation. With the recent changes happening in Turkey, outdated project management methods have been replaced by PMI (Project Management Institute) Project Management Standards which have become the standard. In numerous fields many companies have started to have CMMI (Capability Maturity Model Integration) and the need for managing projects in this direction has emerged. In the study, Project Management Processes and issues to be realized in these processes have been examined in detail.

Keywords
Project Management Institute (PMI), Costing of Projects, Project Management in Businesses