December 2013
Beginner to intermediate
288 pages
6h 18m
English
Content preview from The Project Management Tool Kit, 3rd Edition
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COST PROCESS
20
Cost Planning (PMBOK® Guide 7.1)
| What: | Documenting the cost management processes for a project. | |
| When: | Project initiation and planning. | |
| Results: | A clearly defined process specifying how project finances will be determined and managed that provides control of the budget throughout a project. |
Prepare for Cost Planning
Cost planning is part of overall project plan development. It begins with a review of project information from project initiation, including:
- Project infrastructure decisions
- Sponsorship and stakeholder identification
- Project objectives and priorities
- Project charter components, especially those related to constraints, staffing, budget and funding assumptions, and expense expectations
Identify any ...
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