3.6 Plan & manage budget & resources

Question 1

How

Answer 1

1. Estimate Budgetary Needs
2. Plan & manage resources
3. Monitor variations & Governance processes
4. Anticipate future budget challenges

Question 2

1. Estimate Budgetary Needs

Answer 2

T&T
1. Project charter
2. Estimate costs
3. Expert judgement
4. Engage stakeholders
5. Agile Budgeting
6. Estimation techniques
- Data gathering & analysis methods
3 points estimation
Bottom up estimating
Parametric estimating
Analogous estimating

D&A
1. Cost mgmt plan
2. project budget / activity cost estimates
3. Basis of estimates
4. Project funding requirements
5. Prioritized backlog

Question 3

2. Plan & manage resources

Answer 3

T&T
1. Plan cost mgmt
2. Control costs
3. Mgmt reserve
4. Contingency reserve
5. data analysis
-Earned value analysis (EV, PV, AC)
-Cost variance Analysis
- Cost performance Index (CPI)

D&A
1. Change requests
2. Work performance data
3. Updated project documents
4. Kanban Board

Question 4

3. Monitor variations & Governance processes

Answer 4

T&T
1. Earned value mgmt
2. Expert judgement

D&A
1. Cost mgmt plan

Question 5

4. Anticipate future budget challenges

Answer 5

T&T
1. Estimate cost
2. Earned value mgmt (EVM)
3. Work breakdown structure (WBS)
4. Risk register
5. Lessons learned / retrospectives

D&A
1. Risk mgmt plan
2. Mgmt reserves
3. Contingency reserves