Cost Management Flashcards
1
Q
Plan Cost Management
A
Inputs:
- project charter
- PMP
- OPAs, EEFs
Tools & Techniques:
- expert judgement
- data analysis
- Meetings
Outputs:
- Cost Management Plan
2
Q
Estimate Costs
A
Inputs:
- PMP
- Project documents
- OPAs, EEFs
Tools & Techniques:
- expert judgement
- analogous estimating
- parametric estimating
- bottom-up estimating
- three-point estimating
- data analysis
- PMIS
- Decision making
Outputs:
- cost estimates
- basis of estimates
- project documents updates
3
Q
Determine Budget
A
Inputs:
- PMP
- project documents
- business documents
- agreements
- OPAs, EEFs
Tools & Techniques:
- expert judgement
- cost aggregation
- data analysis
- historical info review
- funding limit reconciliation
- financing
Outputs:
- cost baseline
- project funding requirements
project documents updates
4
Q
Controls Costs
A
Inputs:
- PMP
- project documents
- project funding requirements
- work performance data
- OPAs
Tools & Techniques:
- expert judgement
- data analysis
- to-complete performance index
- PMIS
Outputs:
- work performance info
- cost forecasts
- change requests
- PMP updates
- project document updates
