Q:
Project Cost Management - Processes
Describe the Inputs, Tools and Techniques , Outputs included in the Cost Control ?
Answer
I. Inputs
- Cost baseline
- Project funding requirements
- performance reports
- Work performance information
- Approved change requests
- Project management plan
II. Tools and Techniques
- Cost change control system
- Performance measurement analysis
- Forecasting
- Project performance reviews
- Project management software
- Variance management
III. Outputs
- Cost estimate (updates)
- Cost baseline (updates)
- Performance measurements
- Forecasted completion
- Requested changes
- Recommended corrective actions
- Organizational process assets (updates)
- Project management plan (updates)
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