PMBoK, discussion #5: Project Cost Management
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This document discusses key aspects of project cost management including creating a cost management plan, estimating costs, determining the budget, establishing a cost baseline, controlling costs using earned value management, and forecasting. It describes estimating direct and indirect costs, developing a cost baseline by aggregating activity estimates plus reserves, calculating variances and performance indices to measure cost and schedule performance, and forecasting the estimated cost at completion using different methods.
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PMBoK, discussion #5: Project Cost Management
- 1. PMBoK Discussion #5Project Cost Management Alex Lutsaevsky Ciklum Program Manager/Consultant
- 2. Cost Management 2 www.ciklum.net
- 4. How the estimates are stated and in which currency?
- 5. Rules for measuring the cost performance
- 6. Reporting formats for cost performance
- 7. Models
- 10. Direct and indirect costs management, etc.3 www.ciklum.net
- 11. Estimate Costs
- 13. Value Analysis
- 14. Cost Risk
- 15. Variable costs vs. fixed costs
- 16. Direct vs. indirect costs
- 19. Estimate Costs Estimated direct costs, quality efforts, risk efforts, operational costs. 6 www.ciklum.net
- 20. Determine Budget
- 21. Determine Budget Aggregating the estimated costs of individual activities to establish a cost baseline. + Reserves = Cost baseline 8 www.ciklum.net
- 22. Cost Baseline Cost performance baseline is a time-phased budget used to measure, monitor and control cost performance over the project. 9 www.ciklum.net
- 23. Control Costs
- 25. Variances
- 27. PV, EV, AC
Notas del editor
- LC Costing – looking at the cost of the whole lifecycle of the product, not only cost of the projectValue Analysis – finding a less costly way to do the same workCost Risk
- Funding requirements – “triggers” to fund the project.
- LC Costing – looking at the cost of the whole lifecycle of the product, not only cost of the projectValue Analysis – finding a less costly way to do the same workCost Risk
- Funding requirements – “triggers” to fund the project.
- LC Costing – looking at the cost of the whole lifecycle of the product, not only cost of the projectValue Analysis – finding a less costly way to do the same workCost Risk
- LC Costing – looking at the cost of the whole lifecycle of the product, not only cost of the projectValue Analysis – finding a less costly way to do the same workCost Risk
- LC Costing – looking at the cost of the whole lifecycle of the product, not only cost of the projectValue Analysis – finding a less costly way to do the same workCost Risk