Description
Process Group
This activity is done in the following Process Group(s) during the project management.
Monitoring & Controlling
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 |
Data analysis Tool | Earned value analysis |
Reserve analysis | |
Trend analysis | |
Variance analysis | |
Common Tool | Expert judgment |
Project management information system | |
To-complete performance index | |
Reserve analysis | |
Trend analysis | |
Variance analysis |
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 | Organizational process assets |
Project funding requirements | |
Work performance data | |
Project documents | Lessons learned register |
Project management plan | Cost baseline |
Cost management plan | |
Performance measurement baseline |
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 | Change requests |
Cost forecasts | |
Work performance information | |
Project documents updates | Assumption log |
Basis of estimates | |
Cost estimates | |
Lessons learned register | |
Risk register | |
Project management plan updates | Cost baseline |
Cost management plan | |
Performance measurement baseline |
Related Posts:
- VALIDATE SCOPE
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- CREATE WBS – PMP (PMBOK)
- DEVELOP SCHEDULE – PMP (PMBOK)
- DEVELOP TEAM – PMP (PMBOK)
- IMPLEMENT RISK RESPONSES – PMP (PMBOK)
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- MONITOR RISKS – PMP (PMBOK)
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