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2 Cards in this Set

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Estimating Costs
Describe the process of developing an approximation of the monetary resources needed to complete project activities
Inputs:
- Scope Baseline
- Project Schedule
- HR Plan
- Risk Register
- EEFs
-OPAs
TT:
-Expert Judgement
- Analogous Estimating
- Parametric Estimating
- Bottom-up Estimating
- 3 Point Estimating
- PM Estimating Sftwr
- Vendor Bid Analysis
- Reserve Analysis
- Cost of Quality
Outputs:
= Activity Cost Estimates
= Basis of Estimates
= Project Document Updates
Determine Budget:
Process of aggregating estimated costs of individual activities or work packages to establish an authorized baseline
- Create budget for Project
-Establishes a total cost baseline
Inputs