Develop specifications for estimates

Define level of accuracy for estimates

Activities involved
Develop reprting formats

Rules for measuring cost performance

Life cycle costing

Relevant concepts Value Analysis Cost of quality efforts

Project Scope Statement
Cost Risks Scope Baseline Cost of risk efforts
WBS
Project Management Plan Costs to estimate Cost of Project Managers Time
Schedule Baseline
Inputs Project Charter Cost directly associated with project
Other cost related information
Plan Cost Management EEF and OPA Overhead costs

Analytical Techniques Variable

Tools and Techniques Meetings Fixed

Types of cost
Expert Judgment Direct

Units of measure Indirect

Level of precision Cost Management Plan

Level of accuracy Project Schedule

Organizational Procedures Links HR Plan

Outputs Cost Management Plan
Control Thresholds Risk Register
EVM techniques Inputs
Rules of performance measures Company Culture
Tracking methodologies
Reporting Formats Project Management Cost

Process Descriptions EEF and OPA Project Scope Statement

Estimate Cost
Scope Baseline WBS
Analogous
WBS Dictionary
Bottom Up
Estimating Techniques
Parametric
Reserve Analysis
Three point
Prevention Cost
Cost of Conformance
Appraisal Cost
Cost of Quality
Tools and Techniques
Internal Failure Cost
Project Cost Management Cost of Non Conformance
External Failure Cost
Vendor Bid Analysis

Group Decison Making Techniques

Project Management Software

Rough Order Magnitude

Activity Cost Estimates Budget Estimate

Outputs Basis of estimates Definitive Estimate

Project Document Updates

Involves rolling up project activities to work

packages, which are rolled up to control accounts
and finally to project costs

Cost Management Plan

Scope Baseline

Activity Cost Estimates

Basis of Estimates

Inputs Project Schedule

Process of monitoring the status of a project to
update the project costs and managing changes to Resource Calender
the cost baseline
Risk Register
Project Management Plan Determine Budget
Agreements
Project Funding Requirements
Inputs OPA Cost Aggregation
Work Performance Data
Reserves Analysis
OPA Earned Value Management
Tools and Techniques Expert Judgment
Forecasting
Control Cost Historical relationships
To Complte Performance Index
Tools and Techniques Funding limit reconciliations
Performance Reviews
Cost Baseline
Project Management Software
Outputs Project Funding Requirements
Reserve Analysis
Project Document Updates
Work Performance Information

Cost forecasts

Outputs Change Requests

Project Management Plan

Updates Project Documents

OPA