ITTO – Project Cost Management – Flashcards
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Project Cost Management processes
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1. Plan Cost Management 2. Estimate Costs 3. Determine Budget 4. Control Costs
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Input - Plan Cost Management
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1 Project management plan 2 Project charter 3 Enterprise environmental factors 4 Organizational process assets
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Tools & Techniques - Plan Cost Management
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1 Expert judgment 2 Analytical techniques 3 Meetings
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Output - Plan Cost Management
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1 Cost management plan
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Plan Cost Management
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Input: 1 Project management plan 2 Project charter 3 Enterprise environmental factors 4 Organizational process assets Tools & Techniques: 1 Expert judgment 2 Analytical techniques 3 Meetings Output: 1 Cost management plan
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Input - Estimate Costs
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1 Cost management plan 2 Human resource management plan 3 Scope baseline 4 Project schedule 5 Risk register 6 Enterprise environmental factors 7 Organizational process assets
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Tools & Techniques - Estimate Costs
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1 Expert judgment 2 Analogous estimating 3 Parametric estimating 4 Bottom-up estimating 5 Three-point estimating 6 Reserve analysis 7 Cost of quality 8 Project management software 9 Vendor bid analysis 10 Group decision-making techniques
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Output - Estimate Costs
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1 Activity cost estimates 2 Basis of estimates 3 Project documents updates
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Estimate Costs
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Input: 1 Cost management plan 2 Human resource management plan 3 Scope baseline 4 Project schedule 5 Risk register 6 Enterprise environmental factors 7 Organizational process assets Tools & Techniques: 1 Expert judgment 2 Analogous estimating 3 Parametric estimating 4 Bottom-up estimating 5 Three-point estimating 6 Reserve analysis 7 Cost of quality 8 Project management software 9 Vendor bid analysis 10 Group decision-making techniques Estimate Costs: 1 Activity cost estimates 2 Basis of estimates 3 Project documents updates
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Input - Determine Budget
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1 Cost management plan 2 Scope baseline 3 Activity cost estimates 4 Basis of estimates 5 Project schedule 6 Resource calendars 7 Risk register 8 Agreements 9 Organizational process assets
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Tools & Techniques - Determine Budget
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1 Cost aggregation 2 Reserve analysis 3 Expert judgment 4 Historical relationships 5 Funding limit reconciliation
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Output - Determine Budget
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1 Cost baseline 2 Project funding requirements 3 Project documents updates
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Determine Budget
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Input: 1 Cost management plan 2 Scope baseline 3 Activity cost estimates 4 Basis of estimates 5 Project schedule 6 Resource calendars 7 Risk register 8 Agreements 9 Organizational process assets Tools & Techniques: 1 Cost aggregation 2 Reserve analysis 3 Expert judgment 4 Historical relationships 5 Funding limit reconciliation Output: 1 Cost baseline 2 Project funding requirements 3 Project documents updates
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Input - Control Costs
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1 Project management plan 2 Project funding requirements 3 Work performance data 4 Organizational process assets
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Tools & Techniques - Control Costs
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1 Earned value management 2 Forecasting 3 To-complete performance index (TCPI) 4 Performance reviews 5 Project management software 6 Reserve analysis
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Output - Control Costs
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1 Work performance information 2 Cost forecasts 3 Change requests 4 Project management plan updates 5 Project documents updates 6 Organizational process assets updates
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Control Costs
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Input: 1 Project management plan 2 Project funding requirements 3 Work performance data 4 Organizational process assets Tools & Techniques: 1 Earned value management 2 Forecasting 3 To-complete performance index (TCPI) 4 Performance reviews 5 Project management software 6 Reserve analysis Output: 1 Work performance information 2 Cost forecasts 3 Change requests 4 Project management plan updates 5 Project documents updates 6 Organizational process assets updates
