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7 - PROJECT COST MANAGEMENT

Project Cost Management

5.4
Create 7.1 7.2
WBS Plan Cost Estimate
Management Costs
Project
6.6 • Cost • Activity cost estimates Documents
Develop management • Basis of estimates
Schedule plan
• Project schedule • Scope baseline
• Project documents
updates
9.2 7.3 7
Acquire Project Determine 4.2
Team Budget Develop Project
• Cost baseline Management
• Resource calendars Plan
• Resource
calendars
11.2
Identify • Project
Risks funding
requirements
• Risk register
12.2 7.4
Conduct • Agreements Control
Procurements Costs

• Organizational
Enterprise/ process assets
Organization

Figure 7-7. determine Budget data Flow diagram
A project budget includes all the funds authorized to execute the project. The cost baseline is the approved
version of the time-phased project budget, but excludes management reserves.

7.3.1 determine Budget: Inputs

7.3.1.1 cost Management Plan

Described in Section 7.1.3.1. The cost management plan describes how the project costs will be managed and
controlled.

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©2013 Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) – Fifth Edition 209

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