Abstract
Agile cost management is seen interesting to be concerned due to enhancement of the development processes. By fixing the time, cost and requirements will help project managers to concentrate to the development processes. Therefore, the competent project manager is required to adopt
with the new processes especially in managing the cost. By having certain set of competencies, the project managers able to avoid cost overrun and make sure the project will be delivered successfully. In general, the project manager competency includes providing the valuable knowledge, attitudes,
skills and behavior that an individual needs to acquire to deliver superior performance. This paper aimed to investigate the competency level of project managers in managing a cost. The survey has been carried out in order to collect the data. The Rasch Measurement Model was used to analyze
the data. The findings show most project managers were competent to manage cost effectively and efficiently in agile software development projects. However, the level of competent is differ based on their knowledge, attitudes, skills and behavior. In conclusion, level of competency can be
categorized into competent and less competent. The categorization will help project managers themselves or the management level to test their competency toward managing cost in agile projects.