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7.3 Control Costs

 

Back to Process Group Mappings

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.

 

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