Cost Management - PDCA

 

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


Watch video lessons

Defining Control Account 


Determine Budget 



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