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PMP Certification: Project Cost Management Inputs, Tools and Techniques, and Outputs (based on PMBOK® Guide, 6th Edition)

5 Jan, 2018 —Stefania Galatolo (updated 14 Jan, 2018)

Project Cost Management — PMBOK® Guide, 6th Edition Update

Project Cost Management Whats, Whens, and Whys

Project Cost Management Inputs, Tools and Techniques, and Outputs

Project Cost Management Terms

Project Cost Management Tips

Click here for a detailed analysis of each project management process group and knowledge area.

pmp 2018 project cost management inputs tools techniques outputs pmbok guide 6th edition tipsographic main

Project Cost Management Inputs, Tools and Techniques, and Outputs

by Project Management Process Group

1. Plan Cost Management

Inputs	Tools and techniques	Outputs
Project charter Project management plan Schedule management plan Risk management plan Enterprise environmental factors Organizational process assets	Expert judgment Data analysis Meetings	Cost management plan

Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.1, p. 235.

2. Estimate Costs

Inputs	Tools and techniques	Outputs
Project management plan Cost management plan Quality management plan Scope baseline Project documents Lessons learned register Project schedule Resources requirements Risk register Enterprise environmental factors Organizational process assets	Expert judgment Analogous estimating Parametric estimating Bottom-up estimating Three-point estimating Data analysis Alternatives analysis Reserve analysis Cost of quality Project management information system Decision making Voting	Cost estimates Basis of estimates Project documents updates Assumption log Lessons learned register Risk register

Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.2, p. 240.

3. Determine Budget

Inputs	Tools and techniques	Outputs
Project management plan Cost management plan Resource management plan Scope baseline Project documents Basis of estimates Cost estimates Project schedule Risk register Business documents Business case Benefits management plan Agreements Enterprise environmental factors Organizational process assets	Expert judgment Cost aggregation Data analysis Reserve analysis Historical information review Funding limit reconciliation Financing	Cost baseline Project funding requirements Project documents updates Cost estimates Project schedule Risk register

Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.3, p. 248.

4.Control Costs

Inputs	Tools and techniques	Outputs
Project management plan Cost management plan Cost baseline Performance measurement baseline Project documents Lessons learned register Project funding requirements Work performance data Organizational process assets	Expert judgment Data analysis Earned value analysis Variance analysis Trend analysis Reserve analysis To-complete performance index Project management information system	Work performance information Cost forecasts Change requests Project management plan updates Cost management plan Cost baseline Performance measurement baseline Project documents updates Assumption log Basis of estimates Cost estimates Lessons learned register Risk register

Source: PMBOK® Guide, 6th ed., Chapter 7, section 7.4, p. 257.

Click here for a detailed analysis of each project management process group and knowledge area.

SOURCES: Project Management Institute (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). 6th ed. Newtown Square: Project Management Institute.

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by Stefania Galatolo

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PMP Certification: Project Cost Management Inputs, Tools and Techniques, and Outputs (based on PMBOK® Guide, 6th Edition)

Project Cost Management — PMBOK® Guide, 6th Edition Update

Click here for a detailed analysis of each project management process group and knowledge area.

Project Cost Management Inputs, Tools and Techniques, and Outputs

1. Plan Cost Management

2. Estimate Costs

3. Determine Budget

4.Control Costs