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Section 13 PMP
Terms in this set (7)
What are the trends and emerging practices in Project Cost Management
Cost of the resources needed to complete all the activities
Recurring cost of using, maintaining, and supporting the produce, service, result of the project (Life cycle costing)
What are some consideration project cost management?
When the cost in incurred (decision is made, order is placed, item delivered, actual payment)
ROI, interest, discount cash flow, payback analysis
What are some tailoring in project cost management?
Knowledge management: formal knowledge management and financial database
Estimating and Budgeting: cost estimating and budgeting-related policies
Earned value management:earned value management
Agile approach: Agile methodologies and cost estimating
Governance: audit and governance policies
What are the processes within cost management?
Planning cost management plan
What are the inputs of planning cost management?
Project management plan (Schedule MP, Risk MP)
What are the tools and techniques for planning cost management?
What are the outputs of cost management plan?
Cost management plan
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