Knowledge Areas- 04. Project Integration Management
- 05. Project Scope Management
- 06. Project Schedule Management
- 07. Project Cost Management
- 08. Project Quality Management
- 09. Project Resource Management
- 10. Project Communications Management
- 11. Project Risk Management
- 12. Project Procurement Management
- 13. Project Stakeholder Management
- 49 Processes in Project Management
7. Cost Management
7.1 Plan Cost Management - Planning Process Group
The process of defining how the project costs will be estimated, budgeted, managed, monitored, and controlled
Inputs
- Project Charter
- Project Management Plan
- Enterprise Environmental Factors
- Organizational Process Assets
Tools & Techniques
- Expert Judgment
- Data analysis
- Meetings
Outputs
- Cost Management Plan
7.2 Estimate Costs - Planning Process Group
The process of developing an approximation of the cost of resources needed to complete the project work
Inputs
- Project Management Plan
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools & Techniques
- Expert Judgment
- Analogous Estimating
- Parametric Estimating
- Bottom-up Estimating
- Three-point Estimating
- Data analysis
- Project Management Information System
- Decision Making
Outputs
- Cost Estimates
- Basis of Estimates
- Project Document Updates
7.3 Determine Budget - Planning Process Group
The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline
Inputs
- Project Management Plan
- Project Documents
- Business Documents
- Agreements
- Enterprise Environmental Factors
- Organizational Process Assets
Tools & Techniques
- Expert Judgment
- Cost Aggregation
- Data analysis
- Historical Information Review
- Funding Limit Reconciliation
- Financing
Outputs
- Cost Baseline
- Project Funding Requirements
- Project Document updates
7.4 Control costs - Monitoring & Controlling Process Group
Monitoring the status of the project to update the project costs and managing changes to the cost baseline
Inputs
- Project Management Plan
- Project Documents
- Project Funding Requirements
- Work Performance Data
- Organizational Process Assets
Tools & Techniques
- Expert Judgment
- Data analysis
- To-Complete Performance Index - TCPI
- Project Management Information System
Outputs
- Work Performance Information
- Cost Forecasts
- Change Requests
- Project Management Plan Updates
- Project Document Updates