homage. n. 1. a public show of respect or honour towards someone or something (esp in the phrases pay or do homage to). 2. (Historical Terms) (in feudal society). a. the act of respect and allegiance made by a vassal to his lord. See also fealty.
Cost management is the process of planning and controlling the budget of a business.
Cost Estimating. Process of developing an approximation (or estimate) for the cost of the resources necessary to complete the project activities. There is a difference in Cost Estimating and Pricing. Cost estimating: Assessing how much it will cost the organization to provide the product or service.