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project cost management
This mind map about project cost management introduces the knowledge of budget formulation, cost control, cost types, planning cost management, and cost estimation.
Edited at 2023-05-26 00:08:12- bacteria
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project cost management
- bacteria
This is a mind map about bacteria, and its main contents include: overview, morphology, types, structure, reproduction, distribution, application, and expansion. The summary is comprehensive and meticulous, suitable as review materials.
- Plant asexual reproduction
This is a mind map about plant asexual reproduction, and its main contents include: concept, spore reproduction, vegetative reproduction, tissue culture, and buds. The summary is comprehensive and meticulous, suitable as review materials.
- Reproductive development of animals
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project cost management
Budgeting
process definition
The process of summarizing the estimated costs of all individual activities or work packages to establish an approved cost baseline
process effect
Establish a cost baseline against which project performance can be monitored and controlled
Includes all funds approved for the project
The cost baseline does not include management reserves, but if they are used, they must be included in the cost baseline.
enter
project management plan
cost management plan
resource management plan
Scope Baseline
project files
Estimate basis
Whether indirect or other costs should be included
Cost Estimate
Project schedule
project activities
milestone
work package
Control your account's scheduled start and end times
Aggregate planned milestones and actual costs into corresponding calendar periods
risk register
business documents
business case
revenue management plan
protocol
business environment factors
organizational process assets
Tools & Techniques
expert judgment
cost summary
data analysis
Reserve analysis
Historical information review
Helps in parameter estimation or analogy estimation
Prerequisites for Analog Model Accuracy
Historical information is accurate
Parameters are easy to quantify
The model can be adjusted and is suitable for large, small and all stages.
resource constraint balancing
Balance capital expenditures
Achieved by adding mandatory dates to the project schedule
Financing
Obtain external funding for projects
Long-term projects often seek external financing
Financing
Bank loan
bond financing
output
cost basis
Excludes management reserves
Allocate by time period
Changes can only be made through the change procedure
Project funding requirements
Step-like
Total Funding Requirements = Cost Baseline Management Reserve
Project file updates
Cost Estimate
Project schedule
risk register
Control costs
process definition
Monitor project status, update project costs and manage the cost change process
process effect
Maintain cost baselines throughout the project
Requires oversight of both the expenditure of funds and the value of the work completed by the expenditure
enter
project management plan
cost management plan
cost basis
performance measurement benchmarks
project files
Lessons Learned Register
Project funding requirements
job performance data
organizational process assets
Tools & Techniques
expert judgment
data analysis
Earned value analysis
Planned Value - PV
Earned Value – EV
Actual Cost - AC
Deviation analysis
Progress Variance - SV
SV = EV - PV
SV > 0 progress ahead of schedule
SV < 0 behind schedule
Cost Variance - CV
CV = EV - AC
CV > 0 Cost Savings
CV < 0 cost overrun
Schedule Performance Index - SPI
CV=EV/PV
SPI > 1 progress ahead of schedule
SPI < 1 behind schedule
Cost Performance Index - CPI
CV = EV - AC
CPI > 1 Cost Savings
CPI < 1 cost overrun
trend analysis
icon
Forecast - EAC
EAC= AC ETC
ETC type
Typical situation
ETC = (BAC - EV) / CPI
atypical situations
ETC = (BAC - EV)
affect simultaneously
ETC = (BAC - EV) / (CPI * SPI)
Reserve analysis
To-Complete Performance Index – TCPI
Performance index to completion
project management information system
output
job performance information
cost forecast
change request
Project Management Plan Update
cost management plan
cost basis
performance measurement benchmarks
Project file updates
Hypothetical log
Estimate basis
Cost Estimate
Lessons Learned Register
risk register
Core idea
The various processes of planning, estimating, budgeting, financing, financing, managing and controlling costs
management purposes
Ensure project is completed within approved budget
Focus on the cost of resources required to complete project activities
cost type
direct cost
Can be directly charged to the cost of project work
independent activities, supportive activities
s
Costs that are not directly included in the project work and need to be shared among several costs
dependent activities
fixed costs
Costs that do not change with changes in production volume
Rent, basic salary, etc.
Variable costs
Varies with changes in production volume
Rewards, overtime pay
project cost
Costs over the life of the project
BAC,EAV
product life cycle cost
In addition to project costs, it also includes operation and maintenance costs after the project products are handed over.
Maintenance costs
planning cost management
process definition
Confirm the process of estimating, budgeting, managing, monitoring and controlling project costs
process effect
Provide guidance and direction for cost management
enter
Project Charter
project management plan
progress management plan
risk management plan
business environment factors
organizational process assets
Tools & Techniques
expert judgment
data analysis
Meeting
output
cost management plan
Describe how to plan, schedule and control project costs
Required content
unit of measurement
Accuracy
Accuracy
Organization Program Links
control threshold
performance measurement rules
Define control accounts used by WBS for performance measurement
Earned Value Measurement Techniques
Specify tracking method
report format
Other details
Estimate cost
process definition
The process of making an approximate estimate of the capital costs required to complete project work.
process effect
Determine the funding required for the project
Generally, the number of person-hours and person-days is used
enter
project management plan
cost management plan
quality management plan
Scope Baseline
WBS
Estimating needs from the bottom up
project files
Lessons Learned Register
Project schedule
Activity resource estimation is closely related to cost estimation
If financing costs are included, it is closely related to the duration of the activity
Resource requirements
The cost of dealing with risks needs to be considered
business environment factors
market conditions
Market supply and demand will significantly affect resource costs
Exchange rates and inflation rates
For large-scale projects that last for many years and involve many currencies, you need to consider
organizational process assets
Tools & Techniques
expert judgment
analogy estimation
parameter estimation
Bottom-up estimation
three point estimate
data analysis
Alternatives analysis
Reserve analysis
quality cost
project management information system
decision making
vote
output
Cost Estimate
possible costs
Contingency Reserve for Identified Risks
Management reserves to deal with unplanned work
Estimate basis
Project file updates
Hypothetical log
Lessons Learned Register
risk register