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


Here your free guide to PROJECT COST MANAGEMENT inputs, tools and techniques, and outputs. Pass your PMP Certification Exam. FAST, EASY!

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


InputsTools and techniquesOutputs
  1. Project charter
  2. Project management plan
    • Schedule management plan
    • Risk management plan
  3. Enterprise environmental factors
  4. Organizational process assets
  1. Expert judgment
  2. Data analysis
  3. Meetings
  1. Cost management plan

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

2. Estimate Costs


InputsTools and techniquesOutputs
  1. Project management plan
    • Cost management plan
    • Quality management plan
    • Scope baseline
  2. Project documents
    • Lessons learned register
    • Project schedule
    • Resources requirements
    • Risk register
  3. Enterprise environmental factors
  4. Organizational process assets
  1. Expert judgment
  2. Analogous estimating
  3. Parametric estimating
  4. Bottom-up estimating
  5. Three-point estimating
  6. Data analysis
    • Alternatives analysis
    • Reserve analysis
    • Cost of quality
  7. Project management information system
  8. Decision making
    • Voting
  1. Cost estimates
  2. Basis of estimates
  3. 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


InputsTools and techniquesOutputs
  1. Project management plan
    • Cost management plan
    • Resource management plan
    • Scope baseline
  2. Project documents
    • Basis of estimates
    • Cost estimates
    • Project schedule
    • Risk register
  3. Business documents
    • Business case
    • Benefits management plan
  4. Agreements
  5. Enterprise environmental factors
  6. Organizational process assets
  1. Expert judgment
  2. Cost aggregation
  3. Data analysis
    • Reserve analysis
  4. Historical information review
  5. Funding limit reconciliation
  6. Financing
  1. Cost baseline
  2. Project funding requirements
  3. Project documents updates
    • Cost estimates
    • Project schedule
    • Risk register

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

4.Control Costs


InputsTools and techniquesOutputs
  1. Project management plan
    • Cost management plan
    • Cost baseline
    • Performance measurement baseline
  2. Project documents
    • Lessons learned register
  3. Project funding requirements
  4. Work performance data
  5. Organizational process assets
  1. Expert judgment
  2. Data analysis
    • Earned value analysis
    • Variance analysis
    • Trend analysis
    • Reserve analysis
  3. To-complete performance index
  4. Project management information system
  1. Work performance information
  2. Cost forecasts
  3. Change requests
  4. Project management plan updates
    • Cost management plan
    • Cost baseline
    • Performance measurement baseline
  5. 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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