Plan cost management -Inputs

Project cost management

    Plan cost management -Inputs

  • Project Management Plan

              Project Management plan is a document which tells about how a project is to be managed, executed and controlled. It may be a summary level or detailed plans depending upon the requirements of the project. In the subsidiary plans, the project management plan integrates the entire baseline from the planning processes.

    Project Charter

              The project charter provides the project description and product characteristics. It also contains project approval requirements and will be completed by the sponsor or individual initiating the project.

    Project charter usually includes

                   •  Project Purpose – Problem to be justified  by the project.

                   •  Project Business objectives

                   •  Assumptions and constraints

                   •  Description of the project.

                   •  Definition of the project scope and Boundaries

                   •  Milestones and deliverables for the project

                   •  High level risks

                   •  Project Authority and definition of roles and responsibilities.

                   •  Initial Stakeholder List

                   •  Requirements for the project 

                   •  Signatures of the key project members that authorize the project.

    Enterprise environmental factors (EEF)

              Enterprise Environmental Factors influences the organization, the project and its outcome. Every organization has to live and work within the EEF. The Enterprise Environment Factor can be either internal or external.

    Internal factors 

                   •  Organizational structure of any organizations that are involved in the project

                   •  Information systems in an organization and their ability to share information

                   •  Human resources: their skills and availability

                   •  Portfolio management policies and processes

                   •  Project Management Office (PMO) policies and processes

                   •  Estimating, risk, and defect-tracking databases

    External factors 

                   •  Industry standards that apply to products or services

                   •  Regulatory laws or codes you need to comply with

                   •  Governmental policies, restrictions, and political climates

                   •  Marketplace conditions that influence pricing and availability of materials and services

                   •  Competitor information, such as the number of competitors, opportunities, and threats based on your competition

                   •  Financing availability and rates

                   •  Pending legislation that could impact your products, services, and processes

                   •  Availability of resources, both physical and labor

                   •  Changes in the market, either from competition or economic factors

                   •  Economic influences, such as unemployment and availability of credit

    Organizational process assets (OPS)

              Organization keeps a database of all the information and records of the previous executed projects and this information are stored in a central repository called Organizational Process Assets. They can be such aspects as:

                   •  Policies

                   •  guidelines 

                   •  procedures

                   •  plans 

                   •  Approaches or standards. 

    Other aspects include:

                   •  project management policies

                   •  safety policies

                   •  performance measurement criteria

                   •  templates 

                   •  financial controls 

                   •  communication requirements

                   •  issue and defect management procedures

                   •  change control procedures

                   •  risk control procedures 

                   •  procedures used for authorizing work 

                   •  historical information (these should be examined when starting a project) 

                   •  lessons learned reports

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