Cost Management:

By Ahmed Higazi, PMP CSM

Estimate Costs (planning) Inputs Tools & techniques Outputs

Scope Baseline Expert Judgment Activity Cost Estimates

Project Schedule Analogous Estimating Basis of Estimates

Human Resource Plan Parametric Estimating Project Document Updates

Risk Register Bottom-up Estimating

Enterprise Environmental Factors Three-Point Estimates

Organizational Process Assets Reserve Analysis

Cost of Quality

Project Management Estimating Software

Vendor Bid Analysis

Determine Budget (Planning) Inputs Tools & techniques Outputs

Activity Cost Estimates Cost Aggregation Cost Performance Baseline

Basis of Estimates Reserve Analysis Project Funding Requirements

Scope Baseline Expert Experiments Project Document Updates

Project Schedule Historical Relationships

Resource Calendar Fund Limit Reconciliation

Contracts

Organizational Process Assets

Control Costs (M&C) Inputs Tools & techniques Outputs

Project Management Plan Earned Value Management Work Performance Measurements

Project Funding Requirements Forecasting Budget Forecasts

Work Performance Information To-Complete Performance Organizational Process Assets updates

Organizational Process Assets Performance Reviews Change Requests

Variance Analysis Project Management Plan Updates

Project Management Software Project Document Updates

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The process of developing an

approximation of the monetary

resources needed to complete

project activities

The process of aggregating the

estimated costs of individual

activities or work packages to

establish an authorized cost

baseline

the process of monitoring the status

of the project to update the project

budget and managing changes to

the cost baseline