96 PROJECT MANAGEMENT FOR SMALL BUSINESS + in one of two things: business failure or employee replacement. Obviously, no one (except perhaps your competition) wants your business to fail. Replacing labor is a viable solution only when more competent workers are hired. Engaging in a cycle of hiring and firing may keep your company around longer, but it's a prac- tice that comes with headaches, misery, and legal issues, and it keeps the focus off of making profits. Managing project costs is concerned with predicting how much the work will cost to complete, considering the profitabil- ity of proposed projects, and then controlling the costs to ensure that those profits are achieved. Cost management is integrated into all areas of project management: scope, schedule, quality, human re- sources, communications, risk management, and procurement.