Cost Management

Click here to watch the video

Cost management comprises of;

  • Plan Cost management 
  • Estimate Costs 
  • Determine budgets
  • Monitor & Control costs 

Tools & Techniques 

  • Analogous estimating 
  • Parametric estimation
  • Three point estimation
  • Cost aggregation
  • Historical information review 
  • Funding limit reconciliation
  • Financing
  • To Complete Performance Index (TCPI)

Artifacts 

  • Cost management plan
  • Cost estimates
  • Basis of Estimates
  • Cost baseline 
  • Project funding requirements

References

PMBOK V6 Pages 231 to 270