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7 - PROJECT COST MANAGEMENT

Project Cost Management
Overview

7.1 Plan Cost
Management 7.2 Estimate Costs 7.3 Determine Budget

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

Figure 7-1. Project cost Management overview

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