Cost as an Independent Variable (CAIV)

Cost as an Independent Variable (CAIV) is a project management approach where controlling costs is a primary focus from the beginning. Instead of fixing costs first and adjusting other aspects later, CAIV involves setting cost targets early on and designing the project to meet them. This approach encourages ongoing cost management and trade-offs, ensuring the project remains within budget while still achieving its goals. It helps align project scope, quality, and schedule with financial constraints, promoting efficiency and cost-conscious decision-making throughout the project lifecycle.