Plan Cost Management
Figure 16: Plan Cost Management: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), (5th Edition)" by Project Management Institute, 2013, p. 195. Newton Square, PA: Project Management Institute, Inc. Reprinted without permission
Figure 16: Plan Cost Management above depicts all the possible inputs tools and techniques resulting in Cost management plan.
7.1 Plan Cost Management
Process Definition
Plan Cost Management concerns itself with planning, managing, and controlling monetary expenditures utilizing Microsoft Excel Template to track costs.
Process Assessment
Cost Management planning it is imperative to gather as much input as possible data inputs relative to the organization and the project along with the requirements of the product being produced. From my experience the more data points that you can obtain results in a better managed cost plan.
Plan Cost Management
7.1.1
Input
This team charter is composed in PGMT 613, input outlining team member expectations, duties, and consequences for failure to comply with the agreed signed document.
7.1.2 Tools and Techniques
In PGMT 502, one of the concerns of running a project is how to track and communicate expenditures. This document discusses the formulas and techniques used to track and control costs.
7.1.3
Outputs
Project Dashboard-Cost Management 614:
In PGMT 614, the paper discusses dashboards with embedded dashboards modified from templates with bicycle project costs this output is generated in this process to control costs.