© Sean Whitaker 2016
Sean WhitakerPass the PMP® Exam10.1007/978-1-4842-2074-0_5

5. Cost Management

Sean Whitaker
ChristChurch, Canterbury, New Zealand
This chapter focuses on project cost management. Project cost management, like the other knowledge areas, begins with a process of planning that produces a cost management plan. Then there is an iterative process that produces and updates the cost estimates and cost baseline. After these have been developed, a monitoring and controlling process is used to measure actual versus planned cost performance and to manage any change requests.
You may need to pay particular attention in this chapter to the activities involved in calculating earned value management, because there is quite a bit of technical ...

Get Pass the PMP® Exam: Tools, Tips and Tricks to Succeed, Second Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.