What does PCC stand for in the context of project costs?

In the context of project costs, PCC stands for Project Construction Cost. This terminology is critical because it refers to the total expenses incurred in the construction phase of a project. This includes various elements such as labor, materials, equipment, and any associated overhead or indirect costs. Accurate identification and management of the Project Construction Cost are crucial for project budgeting and financial planning.

Understanding the importance of this term contributes to effective project management, as maintaining control over construction costs can directly impact the project's profitability and financial viability. Therefore, recognizing Project Construction Cost helps stakeholders ensure that resources are allocated efficiently and that the project remains on track financially.