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Process Benefits Plan management Scope Management HR Management Input / Output Menu      
Process Inputs Plan execution Time Management Communications Management Input Menu      
Tools and Techniques Execute Cost Management Procurement Management Tool and Technique Menu      
Process Outputs Monitor and Control Risk Management Stakeholder Management Output Menu      
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Plan Cost Management is the process that establishes;

  • Policies
  • Procedures
  • Documentation

For planning, managing, expending & controlling project costs.

The key benefit of the Plan Cost Management process is that it provides guidance and direction;

  • On how project costs will be managed throughout the project.

Cost management tools, techniques & processes are documented in the cost management plan.

  • ERP software input, output and timing of activities with financial calendar and enterprise deadlines;
  • MS Excel tools, processes and techniques for gathering and analyzing cost data.

The cost management plan is a component of the project management plan.


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Cost Management          
Plan management          
Plan Cost Management          
Process Inputs          
Project Management Plan          
Project Charter          
enterprise environmental factors          
organizational process assets          
Tools and Techniques          
expert judgment          
Analytical techniques          
Process Outputs          
Cost Mgmt. Plan          
Process Benefits          
Planning cost mgmt. documents and provides guidance and direction on how project costs will be managed throughout the project. Tools, techniques & processes are described in the cost mgmt. plan & any changes must be approved via the integrated change control process.          
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