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7 - PROJECT COST MANAGEMENT
Project Budget
Management Reserve
BAC
Cumulative Values Funding Requirements Expenditures
Cost Baseline
Time
Figure 7-9. cost Baseline, Expenditures, and Funding requirements
7.3.3.2 Project Funding requirements
Total funding requirements and periodic funding requirements (e.g., quarterly, annually) are derived from the
cost baseline. The cost baseline will include projected expenditures plus anticipated liabilities. Funding often occurs
in incremental amounts that are not continuous, and may not be evenly distributed, which appear as steps as
shown in Figure 7-9. The total funds required are those included in the cost baseline, plus management reserves,
if any. Funding requirements may include the source(s) of the funding.
7.3.3.3 Project documents updates
Project documents that may be updated include, but are not limited to:
• Risk register,
• Activity cost estimates, and
• Project schedule.
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Licensed To: Jorge Diego Fuentes Sanchez PMI MemberID: 2399412
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