Plan Cost Management Flashcards
Planning
1
Q
What is the purpose of the Plan Cost Management process?
A
To establish policies, procedures, and documentation for planning, managing, expending, and controlling project costs.
2
Q
What is contained the Cost Management Plan?
A
Units of Measure, Level of Precision, Level of Accuracy, Organizational Procedures Links, Control Thresholds, Rules of Performance Measurements, Reporting Formats, Process Descriptions, Additional Details
3
Q
What are the inputs to Plan Cost Management?
A
Project Mgmt Plan, Project Charter, EEOs, OPAs
4
Q
Who should create the Cost Management Plan?
A
Project Team, in consultation with company financial experts.
