Cost Management

Question 1

7.1 Plan Cost Management (PL)

Inputs
Tools/Techniques
Outputs

Answer 1

Project Charter, Schedule Mgmt Plan, Risk Mgmt Plan

Cost Mgmt Plan

Question 2

7.2 Estimate Costs (PL)

Inputs
Tools/Techniques
Outputs

Answer 2

Cost Mgmt Plan, Quality Mgmt Plan, Scope Baseline

Estimation Techniques (3 point estimating, bottom up, analogous, parametric), Data Analysis: Reserve Analysis, Cost of Quality

Estimates (Cost + Basis)

Question 3

7.4 Determine Budget

Inputs
Tools/Techniques
Outputs

Answer 3

Cost Mgmt Plan

Cost Aggregation, Funding Limit Reconciliation, Financing, Historical Info Review

Cost Baseline (no mgmt reserves), Funding Requirements (with mgmt reserves)

Question 4

7.5 Control Costs

Inputs
Tools/Techniques
Outputs

Answer 4

Funding Req, Work Performance Data

To-Complete Performance Index, Data Analysis: EV, Variance, Trend, & Reserve Analysis

Cost Forecasts, Work Perf Info, Change Req