Chapter 5 - Cost Management Flashcards
0
Q
Inputs of plan cost management process?
A
PMP
project charter
OPA
EEF
1
Q
Processes of cost management knowledge area?
A
- Plan cost management
- Estimate cost
- Determine budget
- Control cost
2
Q
Tools of plan cost management process?
A
Analytical technique
Meetings
Expert judgement
3
Q
Outputs of plan cost management process?
A
Cost management plan
4
Q
Inputs of estimate cost process?
A
HR management plan Cost management plan Scope baseline OPA EEF Risk register
5
Q
Tools of cost estimate process?
A
Expert judgement Bottom up estimating Parametric estimating Analogous estimating Group decision making Life cycle costing Vendor bid analysis Reserve analysis Cost of quality
6
Q
Outputs of cost estimate process?
A
Activity cost estimate
Basis of estimate
7
Q
Inputs to determine budget process?
A
Cost management plan Resources calendar Scope baseline Activity cost estimate Basis of estimate Project schedule Contract agreement Risk register OPA EEF
8
Q
Tools of determine budget process?
A
Cost aggregation - roll up estimate into control accounts
Reserve analysis
Expert judgement
Funding limit reconciliation
9
Q
Outputs to determine budget process?
A
Project funding requirements
Cost baseline
Project document update
