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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          
Meetings          
           
           
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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