SlideShare a Scribd company logo
1 of 1
Download to read offline
Cost Management:
By Ahmed Higazi, PMP CSM
Estimate Costs (planning) Inputs Tools & techniques Outputs
Scope Baseline Expert Judgment Activity Cost Estimates
Project Schedule Analogous Estimating Basis of Estimates
Human Resource Plan Parametric Estimating Project Document Updates
Risk Register Bottom-up Estimating
Enterprise Environmental Factors Three-Point Estimates
Organizational Process Assets Reserve Analysis
Cost of Quality
Project Management Estimating Software
Vendor Bid Analysis
Determine Budget (Planning) Inputs Tools & techniques Outputs
Activity Cost Estimates Cost Aggregation Cost Performance Baseline
Basis of Estimates Reserve Analysis Project Funding Requirements
Scope Baseline Expert Experiments Project Document Updates
Project Schedule Historical Relationships
Resource Calendar Fund Limit Reconciliation
Contracts
Organizational Process Assets
Control Costs (M&C) Inputs Tools & techniques Outputs
Project Management Plan Earned Value Management Work Performance Measurements
Project Funding Requirements Forecasting Budget Forecasts
Work Performance Information To-Complete Performance Organizational Process Assets updates
Organizational Process Assets Performance Reviews Change Requests
Variance Analysis Project Management Plan Updates
Project Management Software Project Document Updates
PMI®, PMP®, CAPM® and PMBOK® Guide are trademarks of the Project Management Institute, Inc
PMI® has not endorsed and did not participate in the development of this product. PMBOK-4th
The process of developing an
approximation of the monetary
resources needed to complete
project activities
The process of aggregating the
estimated costs of individual
activities or work packages to
establish an authorized cost
baseline
the process of monitoring the status
of the project to update the project
budget and managing changes to
the cost baseline

More Related Content

What's hot

Tyler Moser Resume_Final
Tyler Moser Resume_FinalTyler Moser Resume_Final
Tyler Moser Resume_Final
Tyler Moser
 
Successful Project Management
Successful Project ManagementSuccessful Project Management
Successful Project Management
AnasKhalifah
 
Project Cost Management
Project Cost ManagementProject Cost Management
Project Cost Management
Serdar Temiz
 
business process reengineering.... soyeb
business process reengineering.... soyebbusiness process reengineering.... soyeb
business process reengineering.... soyeb
Soyeb Ali
 
Project Implementation Process
Project Implementation ProcessProject Implementation Process
Project Implementation Process
eklaksh
 

What's hot (20)

Mastering ITTO DataFlow PMP - PMBOK Version 5
Mastering ITTO DataFlow PMP - PMBOK Version 5Mastering ITTO DataFlow PMP - PMBOK Version 5
Mastering ITTO DataFlow PMP - PMBOK Version 5
 
Pmp itto factors_dfd
Pmp itto factors_dfdPmp itto factors_dfd
Pmp itto factors_dfd
 
Pmp itto factors
Pmp itto factorsPmp itto factors
Pmp itto factors
 
Develop Project Management Plan Data Flow Diagram
Develop Project Management Plan Data Flow DiagramDevelop Project Management Plan Data Flow Diagram
Develop Project Management Plan Data Flow Diagram
 
PMP - One stop shop for All 47 process areas
PMP - One stop shop for All 47 process areasPMP - One stop shop for All 47 process areas
PMP - One stop shop for All 47 process areas
 
Tyler Moser Resume_Final
Tyler Moser Resume_FinalTyler Moser Resume_Final
Tyler Moser Resume_Final
 
Mastering T&T analysis in PMP - PMBOK Ver5
Mastering T&T analysis in PMP - PMBOK Ver5Mastering T&T analysis in PMP - PMBOK Ver5
Mastering T&T analysis in PMP - PMBOK Ver5
 
Dr Brian Mutie on basics of Monitoring and Evaluation
Dr Brian Mutie on basics of Monitoring and EvaluationDr Brian Mutie on basics of Monitoring and Evaluation
Dr Brian Mutie on basics of Monitoring and Evaluation
 
How to monitor your project progress
How to monitor your project progressHow to monitor your project progress
How to monitor your project progress
 
Successful Project Management
Successful Project ManagementSuccessful Project Management
Successful Project Management
 
What is project integration
What is project integrationWhat is project integration
What is project integration
 
Project Cost Management
Project Cost ManagementProject Cost Management
Project Cost Management
 
Fm, corporate finance
Fm, corporate financeFm, corporate finance
Fm, corporate finance
 
3 Steps to Optimize Project Reporting using SharePoint
3 Steps to Optimize Project Reporting using SharePoint3 Steps to Optimize Project Reporting using SharePoint
3 Steps to Optimize Project Reporting using SharePoint
 
IT Project Reporting
IT Project ReportingIT Project Reporting
IT Project Reporting
 
business process reengineering.... soyeb
business process reengineering.... soyebbusiness process reengineering.... soyeb
business process reengineering.... soyeb
 
Monitoring, evaluation and accountability staff presentation
Monitoring, evaluation and accountability staff presentationMonitoring, evaluation and accountability staff presentation
Monitoring, evaluation and accountability staff presentation
 
Projrct Monitoring & Controling
Projrct   Monitoring  & ControlingProjrct   Monitoring  & Controling
Projrct Monitoring & Controling
 
Project monitoring lecture 1
Project monitoring lecture 1Project monitoring lecture 1
Project monitoring lecture 1
 
Project Implementation Process
Project Implementation ProcessProject Implementation Process
Project Implementation Process
 

Similar to PMP CAPM Study Guide-Cost Management

Pmp doc data_as per pmp - copy
Pmp doc data_as per pmp - copyPmp doc data_as per pmp - copy
Pmp doc data_as per pmp - copy
sandeep sonkusale
 
Triple Constraints of Projects: Scope, Cost & Schedule
Triple Constraints of Projects: Scope, Cost & ScheduleTriple Constraints of Projects: Scope, Cost & Schedule
Triple Constraints of Projects: Scope, Cost & Schedule
shofiulalom
 

Similar to PMP CAPM Study Guide-Cost Management (20)

PMP ITTOs Quick Review
PMP ITTOs Quick Review PMP ITTOs Quick Review
PMP ITTOs Quick Review
 
Pmp doc data_as per pmp - copy
Pmp doc data_as per pmp - copyPmp doc data_as per pmp - copy
Pmp doc data_as per pmp - copy
 
Triple Constraints of Projects: Scope, Cost & Schedule
Triple Constraints of Projects: Scope, Cost & ScheduleTriple Constraints of Projects: Scope, Cost & Schedule
Triple Constraints of Projects: Scope, Cost & Schedule
 
PMO & CMMI
PMO & CMMIPMO & CMMI
PMO & CMMI
 
PMP Training Project Cost Management Part 1
PMP Training Project Cost Management Part 1PMP Training Project Cost Management Part 1
PMP Training Project Cost Management Part 1
 
Construction cost engineering Assignment Help and Construction cost engineeri...
Construction cost engineering Assignment Help and Construction cost engineeri...Construction cost engineering Assignment Help and Construction cost engineeri...
Construction cost engineering Assignment Help and Construction cost engineeri...
 
Software Estimating and Performance Measurement
Software Estimating and Performance MeasurementSoftware Estimating and Performance Measurement
Software Estimating and Performance Measurement
 
Leveraging sap for new product development
Leveraging sap for new product developmentLeveraging sap for new product development
Leveraging sap for new product development
 
Mechanical engineering drawing Assignment Help and Mechanical engineering dra...
Mechanical engineering drawing Assignment Help and Mechanical engineering dra...Mechanical engineering drawing Assignment Help and Mechanical engineering dra...
Mechanical engineering drawing Assignment Help and Mechanical engineering dra...
 
Dynamics 365 for Project Service Automation - Profit from Your Projects
Dynamics 365 for Project Service Automation - Profit from Your ProjectsDynamics 365 for Project Service Automation - Profit from Your Projects
Dynamics 365 for Project Service Automation - Profit from Your Projects
 
Ergonomics Assignment Help and Ergonomics Online Tutors
Ergonomics Assignment Help and Ergonomics Online TutorsErgonomics Assignment Help and Ergonomics Online Tutors
Ergonomics Assignment Help and Ergonomics Online Tutors
 
SOC-2 Framework - Plan, Budget, Design, Integrate & Audit Security Controls
SOC-2 Framework - Plan, Budget, Design, Integrate & Audit Security ControlsSOC-2 Framework - Plan, Budget, Design, Integrate & Audit Security Controls
SOC-2 Framework - Plan, Budget, Design, Integrate & Audit Security Controls
 
Computer Network Assignment help , Computer Network Online tutors
Computer Network Assignment help , Computer Network Online tutorsComputer Network Assignment help , Computer Network Online tutors
Computer Network Assignment help , Computer Network Online tutors
 
*Strategic Facility Planning, IFMA World Workplace
*Strategic Facility Planning, IFMA World Workplace *Strategic Facility Planning, IFMA World Workplace
*Strategic Facility Planning, IFMA World Workplace
 
Matlab Programming Assignment help , Matlab Programming Online tutors
Matlab Programming Assignment help , Matlab Programming Online tutorsMatlab Programming Assignment help , Matlab Programming Online tutors
Matlab Programming Assignment help , Matlab Programming Online tutors
 
Gauging the Maturity of your AP Department
Gauging the Maturity of your AP DepartmentGauging the Maturity of your AP Department
Gauging the Maturity of your AP Department
 
UML Diagram Assignment help , UML Diagram Online tutors
UML Diagram Assignment help , UML Diagram Online tutorsUML Diagram Assignment help , UML Diagram Online tutors
UML Diagram Assignment help , UML Diagram Online tutors
 
Project Management, Planning And Analysis Tools
Project Management, Planning And Analysis ToolsProject Management, Planning And Analysis Tools
Project Management, Planning And Analysis Tools
 
Managingtripleconstraint aam
Managingtripleconstraint aamManagingtripleconstraint aam
Managingtripleconstraint aam
 
Offshore R&D Project Management
Offshore R&D Project ManagementOffshore R&D Project Management
Offshore R&D Project Management
 

Recently uploaded

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
daisycvs
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
Nauman Safdar
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 

Recently uploaded (20)

GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book nowKalyan Call Girl 98350*37198 Call Girls in Escort service book now
Kalyan Call Girl 98350*37198 Call Girls in Escort service book now
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableBerhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 

PMP CAPM Study Guide-Cost Management

  • 1. Cost Management: By Ahmed Higazi, PMP CSM Estimate Costs (planning) Inputs Tools & techniques Outputs Scope Baseline Expert Judgment Activity Cost Estimates Project Schedule Analogous Estimating Basis of Estimates Human Resource Plan Parametric Estimating Project Document Updates Risk Register Bottom-up Estimating Enterprise Environmental Factors Three-Point Estimates Organizational Process Assets Reserve Analysis Cost of Quality Project Management Estimating Software Vendor Bid Analysis Determine Budget (Planning) Inputs Tools & techniques Outputs Activity Cost Estimates Cost Aggregation Cost Performance Baseline Basis of Estimates Reserve Analysis Project Funding Requirements Scope Baseline Expert Experiments Project Document Updates Project Schedule Historical Relationships Resource Calendar Fund Limit Reconciliation Contracts Organizational Process Assets Control Costs (M&C) Inputs Tools & techniques Outputs Project Management Plan Earned Value Management Work Performance Measurements Project Funding Requirements Forecasting Budget Forecasts Work Performance Information To-Complete Performance Organizational Process Assets updates Organizational Process Assets Performance Reviews Change Requests Variance Analysis Project Management Plan Updates Project Management Software Project Document Updates PMI®, PMP®, CAPM® and PMBOK® Guide are trademarks of the Project Management Institute, Inc PMI® has not endorsed and did not participate in the development of this product. PMBOK-4th The process of developing an approximation of the monetary resources needed to complete project activities The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline the process of monitoring the status of the project to update the project budget and managing changes to the cost baseline