Description
It is the process of defining the estimation, budget, management, and control of costs in a project. It is used in the Planning Process Group and in the Cost Mgmt Knowledge Area.
Process Group
This activity is done in the following Process Group(s) during the project management.
Planning
Knowledge Area
This activity is done in the following Knowledge Areas during project management.
Project Cost Mgmt.
Tool
This activity is performed by using the following project management tools and techniques by the project manager and the team.
Tool Type | Tool |
Common Tool | Data analysis |
Expert judgment | |
Meetings |
Input
Performing this project management activity uses the following inputs to be used along with the tools and techniques in order to produce the expected outputs as mentioned below.
Input Type | Input |
Common Input | Enterprise environmental factors |
Organizational process assets | |
Project charter | |
Project management plan | Risk management plan |
Schedule management plan |
Output
This activity in project management results in the following outputs after proving the required inputs and using the appropriate tools or techniques as mentioned above.
Output Type | Output |
Common Output | Cost management plan |
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