ProPM Logo About ProPM Initiate and Close Integration Management Quality Management PMBOK ITTO Dictionary      
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      
           
               
ProPM Logo Determine Budget    
   
   
   
   
   
ProPM Logo                
           

The Determine Budget Process consists of aggregating the estimated costs of individual activities or work packages;

  • To establish an authorized cost baseline.

The key benefit of the Determine Budget process is that it determines the cost baseline;

A project budget includes all funds authorized to execute the project.

The cost baseline is the approved version of the time-phased project budget;

  • But excludes management reserves.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
           
           
   
   
   
   
   
ProPM Logo    
   
   
   
   
   
ProPM Logo    
   
   
   
   
   
ProPM Logo    
               
Cost Management          
Plan execution          
Determine Budget          
           
           
Process Inputs          
Cost Mgmt. Plan          
Scope baseline          
Activity cost estimates          
Basis of estimates          
Project schedule          
Resource calendars          
Risk register          
agreements          
organizational process assets          
           
           
Tools and Techniques          
Cost aggregation          
Reserve analysis          
expert judgment          
Historical relationships          
Funding limit reconciliation          
           
           
Process Outputs          
Cost baseline          
Project funding requirements          
Proj. doc. updates          
           
           
Process Benefits          
Done to aggregate activity cost estimates up into a total cost baseline. Having a well documented baseline is crucial in order to monitor and control costs.          
         
         
         
         
         
   
   
   
   
ProPM Logo    
   
   
   
   
   
ProPM Logo    
   
   
   
   
   
ProPM Logo    
   
   
   
   
   
ProPM Logo    
   
   
   
   
   
     
     
     
     
                 
                 
                 
                 
                 
                 

© 2014-2018

www.propm.org

Follow ProPM on facebook

facebook icon