Cost Management


Initiating (2) Planning (20) Execution(8) Monitoring & Controlling(10) Closing (2)
Cost
(3)
Estimate Costs Control Costs
Determine Budget

 

  • Ballpark (guesstimate) (-25/+75%)
  • –> ROM (rough order of magnitude) (+/- 50%)
  • –> Budget estimate (-10/+25%)
  • –> Definite estimate (-5/+10%)

 

Earned Value Analyis

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Estimation of Completion

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Money Picture

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