Here your free guide to PROJECT COST Management inputs, tools and techniques, and outputs. Pass your PMP Certification Exam. FAST, EASY!
Project Cost Management — PMBOK® Guide, 6th Edition Update
Project Cost Management Whats, Whens, and Whys
Project Cost Management Inputs, Tools and Techniques, and Outputs
Project Cost Management Terms
Project Cost Management Tips
Click here for a detailed analysis of each project management process group and knowledge area.
Project Cost Management Inputs, Tools and Techniques, and Outputs
by Project Management Process Group
1. Plan Cost Management
Inputs |
Tools and techniques |
Outputs |
---|
- Project charter
- Project management plan
- Schedule management plan
- Risk management plan
- Enterprise environmental factors
- Organizational process assets
|
- Expert judgment
- Data analysis
- Meetings
|
- Cost management plan
|
Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.1, p. 235.
2. Estimate Costs
Inputs |
Tools and techniques |
Outputs |
---|
- Project management plan
- Cost management plan
- Quality management plan
- Scope baseline
- Project documents
- Lessons learned register
- Project schedule
- Resources requirements
- Risk register
- Enterprise environmental factors
- Organizational process assets
|
- Expert judgment
- Analogous estimating
- Parametric estimating
- Bottom-up estimating
- Three-point estimating
- Data analysis
- Alternatives analysis
- Reserve analysis
- Cost of quality
- Project management information system
- Decision making
|
- Cost estimates
- Basis of estimates
- Project documents updates
- Assumption log
- Lessons learned register
- Risk register
|
Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.2, p. 240.
3. Determine Budget
Inputs |
Tools and techniques |
Outputs |
---|
- Project management plan
- Cost management plan
- Resource management plan
- Scope baseline
- Project documents
- Basis of estimates
- Cost estimates
- Project schedule
- Risk register
- Business documents
- Business case
- Benefits management plan
- Agreements
- Enterprise environmental factors
- Organizational process assets
|
- Expert judgment
- Cost aggregation
- Data analysis
- Historical information review
- Funding limit reconciliation
- Financing
|
- Cost baseline
- Project funding requirements
- Project documents updates
- Cost estimates
- Project schedule
- Risk register
|
Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.3, p. 248.
4.Control Costs
Inputs |
Tools and techniques |
Outputs |
---|
- Project management plan
- Cost management plan
- Cost baseline
- Performance measurement baseline
- Project documents
- Project funding requirements
- Work performance data
- Organizational process assets
|
- Expert judgment
- Data analysis
- Earned value analysis
- Variance analysis
- Trend analysis
- Reserve analysis
- To-complete performance index
- Project management information system
|
- Work performance information
- Cost forecasts
- Change requests
- Project management plan updates
- Cost management plan
- Cost baseline
- Performance measurement baseline
- Project documents updates
- Assumption log
- Basis of estimates
- Cost estimates
- Lessons learned register
- Risk register
|
Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.4, p. 257.
Click here for a detailed analysis of each project management process group and knowledge area.
SOURCES: Project Management Institute (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). 6th ed. Newtown Square: Project Management Institute. Project Management Institute (2016)
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