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7 - PROJECT COST MANAGEMENT

7.1.1.2 Project charter

Described in Section 4.1.3.1. The project charter provides the summary budget from which the detailed project
costs are developed. The project charter also defines the project approval requirements that will influence the
management of the project costs.

7.1.1.3 Enterprise Environmental Factors

Described in Section 2.1.5. The enterprise environmental factors that influence the Plan Cost Management
process include, but are not limited to:

• Organizational culture and structure can all influence cost management; 7
• Market conditions describe what products, services, and results are available in the regional and global
market;

• Currency exchange rates for project costs sourced from more than one country;
• Published commercial information such as resource cost rate information is often available from
commercial databases that track skills and human resource costs, and provide standard costs for material
and equipment. Published seller price lists are another source of information; and
• Project management information system, which provides alternative possibilities for managing cost.

7.1.1.4 organizational Process Assets

Described in Section 2.1.4. The organizational process assets that influence the Plan Cost Management process
include, but are not limited to:

• Financial controls procedures (e.g., time reporting, required expenditure and disbursement reviews,
accounting codes, and standard contract provisions);
• Historical information and lessons learned knowledge bases;

• Financial databases; and
• Existing formal and informal cost estimating and budgeting-related policies, procedures, and guidelines.

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