Chapter 5. Developing the Project Budget

THE PMP® EXAM CONTENT FROM THE PLANNING THE PROJECT PERFORMANCE DOMAIN COVERED IN THIS CHAPTER INCLUDES THE FOLLOWING:

  • Obtain Plan Approval

Developing the Project Budget

There are two processes in the Planning group we'll perform that will lead us to the cost performance baseline output that is the authorized budget. They are Estimate Costs and Determine Budget. There are several tools and techniques to cover in these processes that you'll want to understand for the exam. Before we get into the details of these two processes, we'll talk about the cost management plan and its importance in guiding the development of the budget.

Next we'll ...

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