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7 - PROJECT COST MANAGEMENT

7.3.1.2 Scope Baseline

• Project scope statement. Formal limitations by period for the expenditure of project funds can be
mandated by the organization, by agreement (Section 12.2.3.2), or by other entities such as government
agencies. These funding constraints are reflected in the project scope statement.
• Work breakdown structure. The WBS (Section 5.4) provides the relationships among all the project
deliverables and their various components.
• WBS dictionary. The WBS dictionary (Section 5.4.3.1) and related detailed statements of work provide
an identification of the deliverables and a description of the work in each WBS component required to
produce each deliverable.

7.3.1.3 Activity cost Estimates

Described in Section 7.2.3.1. Cost estimates for each activity within a work package are aggregated to obtain a
cost estimate for each work package.

7.3.1.4 Basis of Estimates

Described in Section 7.2.3.2. Supporting detail for cost estimates contained in the basis for estimates should
specify any basic assumptions dealing with the inclusion or exclusion of indirect or other costs in the project budget.

7.3.1.5 Project Schedule

Described in Section 6.6.3.2. The project schedule includes planned start and finish dates for the project’s
activities, milestones, work packages, and control accounts. This information can be used to aggregate costs to the
calendar periods in which the costs are planned to be incurred.

7.3.1.6 resource calendars

Described in Sections 9.2.3.2 and 12.2.3.3. Resource calendars provide information on which resources are
assigned to the project and when they are assigned. This information can be used to indicate resource costs over
the duration of the project.

7.3.1.7 risk register

Described in Section 11.2.3.1. The risk register should be reviewed to consider how to aggregate the risk response
costs. Updates to the risk register are included with project document updates described in Section 11.5.3.2.

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