Description
It is an analytical technique to decide the reserve for the estimated schedule duration, budget, and cost for a project.
It belongs to the tool category – Data analysis
Where it is Used
Process Groups
This tool is used in the following Process Group(s) during the project management.
Monitoring & Controlling
Planning
Knowledge Areas
This tool is used in the following Knowledge Areas during project management.
Project Cost Mgmt.
Project Risk Mgmt.
Project Schedule Mgmt.
Activities
This technique is used while performing the following project management activities by the project manager and the team.
Determine Budget
Estimate Costs
Estimate Activity Durations
Control Costs
Monitor Risks
Process Group | Knowledge Area | Activity |
Planning | Project Cost Mgmt. | Determine Budget |
Estimate Costs | ||
Project Schedule Mgmt. | Estimate Activity Durations | |
Monitoring & Controlling | Project Cost Mgmt. | Control Costs |
Project Risk Mgmt. | Monitor Risks |
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