Estimate Costs

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Knowledge Area

Cost Management

Process Group

Planning

Estimate Costs Inputs

  • Cost Mgmt Plan
  • Human Resource Management Plan
  • Scope Baseline, Project Schedule
  • Risk Register
  • Enterprise Environmental Factors
  • Organizational Process Assets

Estimate Costs Tools and Techniques

  • Exp. Judgement
  • Analogous Estimation
  • Parametric Estimation
  • Bottom-up Estimating
  • Three-point Estimating
  • Reserve Analysis
  • Cost of Quality
  • PM Software
  • Vendor Bid Analysis
  • Group Decision-making Techniques

Estimate Costs Outputs

  • Activity Cost Estimates
  • Basis of Estimates
  • Project Documents Updates

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