Cost Management Flashcards
1
Q
Cost Management
7.1 Plan Cost Management
A
Planning
Determine ow project costs will be estimated and managed
2
Q
Cost Management
7.2 Estimate Costs
A
Planning
Estimate how much money is needed for the project’s work
3
Q
Cost Management
7.3 Determine Budget
A
Planning
Determine the Cost Baseline by aggregating the estimated costs of individual activities
4
Q
Cost Management
7.4 Control Costs
A
M&C
Monitor the “spending” of the project budget and manage any changes to the Cost Baseline. Techniques = Earned Value Analysis
