7.3 Control Costs

 

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7.3 Control Costs The process of monitoring the status of the project to update the project budget and managing changes to the cost baseline.   Simple Version: Monitor, record and analyze the project spend and forecasts.
PMI	Agile PMBOK, Agile Difference, Comment
Inputs Project management plan Project funding requirements Work performance information Organizational process assets   Tools and Techniques Earned value management Forecasting To-complete performance index (TCPI) Performance reviews Variance analysis Project management software   Outputs Work performance measurements Budget forecasts Organizational process assets updates Change requests Project management plan updates Project document updates	Inputs Project management plan Project funding requirements Work performance information Organizational process assets   Tools and Techniques Earned value management Forecasting To-complete performance index (TCPI) Performance reviews Variance analysis Project management software   Outputs Work performance measurements Budget forecasts Organizational process assets updates Change requests Project management plan updates Project document updates   Feedback from early iterations on velocity, change rates and defect densities are analysed to see how feasible the estimates are.