Cost Management Flashcards
What are the percentages for conceptual estimating?
-30% - +50%
What are the percentages for order of magnitude estimating?
-50% - +100%
What are the percentages for preliminary estimate?
-20% - +30%
What are the percentages for definitive estimate?
-15% - +20%
What are the percentages for control estimate?
-10% - +15%
What are the tools used in plan cost management?
Expert judgement
Analytical techniques
Meetings
What are the outputs of plan cost management?
Cost management pkan
What are the inputs to estimate the cost?
Cost management plan Human resource management plan Some baseline Project schedule Risk register Enterprise environmental factors Organizational process assets
What are the tools used in estimate costs?
Expert judgement Analogous estimating Parametric estimating Bottom up estimating Three point estimating Reserve analysis Cost of quality Project management software Vendor bid analysis Group decision making
What are the outputs of estimate costs?
Activity cost estimates
Basis of estimates
Project document updates
What is another name for three point estimating?
PERT
What is another name for PERT?
Three point estimating
What are the group decision making techniques?
Unanimous
Plurality
Consensual
Dictatorship
What are the inputs to the determine budget process?
Cost management plan Scope baseline Activity cost estimates Basis of estimates Project schedule Resource calendars Risk register Agreements Organizational process assets
What are the tools used in the determine budget process?
Cost aggregation Reserve analysis Expert judgement Historical relationships Funding limit reconciliation
What are the outputs to the determine budget process?
Cost performance baseline
Project funding requirements
Project document updates
What are the inputs to the Control costs process?
Project management plan
Project funding requirements
Work performance ata
Organizational process assets
What are the tools used in the control costs process?
Earned value management Forecasting TCPI Performance reviews Project management software Reserve analysis
What are the outputs of the control costs process?
Work performance information Cost forecast Change requests Project management plan updates Project document updates Organizational process asset updates
