Chapter 4 - Project Cost Mgmt Flashcards
1
Q
Project Cost Mgmt Phases
A
- plan
- estimate
- determine budget
- control costs
2
Q
Cost Mgmt Considerations
A
-cost incurred
(Decision met, order placed,
item delivered, actual payment)
- interest
- ROI
- discounted CF
- payback analysis
3
Q
Tailoring Cost Mgmt
A
-formal knowledge mgmt
-internal standards
Budgeting
Cost estimation
-earned value mgmt
-governance
Audit
Policies
4
Q
Cost Mgmt INPUTS
A
- Project charter
- project mgmt planSchedule mgmt plan
Risk mgmt plan - EEF
- OPA
5
Q
Cost Mgmt TOOLS & TECHNIQUES
A
- expert judgement
- data analysis
- meetings
6
Q
Cost Mgmt OUTPUTS
A
Cost Mgmt plan
