Definition. Project Cost Management is a group of processes required to ensure the project is completed within the approved budget. Processes. There are following processes which are part of Project Cost Management. Resource Planning; Cost Estimating; Cost Budgeting; Cost Control
The definition of an arbiter is someone who is either qualified to judge or chosen to decide something. Jennifer Lopez is an example of an arbiter for the television show American Idol. 1  a person selected to judge a dispute; umpire; arbitrator.  a person fully authorized or qualified to judge or decide.
An intermediary (or go-between) is a third party that offers intermediation services between two trading parties.The intermediary acts as a conduit for goods or services offered by a supplier to a consumer. Typically the intermediary offers some added value to the transaction that may not be possible by direct trading.he intermediary acts as a conduit for goods or services offered by a supplier to a consumer. Typically the intermediary offers some added value to the transaction that may not be possible by direct trading.