Term
| What is the purpose of the 2nd process in Project Cost Management? |
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Definition
| Develops approximation of the cost of resources |
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Term
| What are the inputs for the 2nd process in Project Cost Management? |
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Definition
1. PMP
2. Project Documents
3. EEfs
4. OPAs |
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Term
| What are the tools and techniques for the 2nd process in Project Cost Management? |
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Definition
1. Expertise
2. Data Analysis -Contingency/Management Reserves
3. PMIS
4. Decision Making
5. Analogous Estimating
6. Parametric Estimating
7. Three-Point Estimating
8. Bottom-Up estimating |
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Term
| What are the outputs for the 2nd process in Project Cost Management? |
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Definition
1. Cost Estimates
2. Basis of Estimates
3. Project Documents Updates |
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