Project Cost Management

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Project Cost Management by Mind Map: Project Cost Management

1. 1. Plan Cost Management

1.1. Output

1.1.1. Cost management plan

2. 2. Estimate Cost

2.1. Output

2.1.1. Cost estimate

2.1.2. Basis of estimate

2.2. TnT

2.2.1. Analogous estimating

2.2.2. Parametric estimating

2.2.3. Bottom-up estimating

2.2.4. Three-point estimating

2.2.5. Data analysis

2.2.5.1. Alternatives analysis

2.2.5.2. Reserve analysis

2.2.5.3. Cost of quality

3. 3. Determine Budget

3.1. Output

3.1.1. Cost baseline

3.1.2. Project funding requirements

3.2. TnT

3.2.1. Cost aggregation

3.2.2. Funding limit reconciliation

3.2.3. Financing

3.2.4. Data analysis

3.2.4.1. Reserve

4. 4. Control Cost

4.1. Output

4.1.1. Work performance information

4.1.2. Cost forecasts

4.2. TnT

4.2.1. Data analysis

4.2.1.1. Earned value analysis (EVA)

4.2.1.1.1. PV - Planned value

4.2.1.1.2. EV - Earned value

4.2.1.1.3. AC - Actual cost

4.2.1.1.4. BAC - Budget at completion

4.2.1.1.5. EAC - Estimate At Completion

4.2.1.1.6. ETC - Estimate to Complete

4.2.1.2. Variance analysis

4.2.1.2.1. Cost variance (CV) = EV - AC

4.2.1.2.2. Schedule variance (SV) = EV - PV

4.2.1.2.3. Cost performance index (CPI) = EV/AC

4.2.1.2.4. schedule performance index (SPI) = EV/PV

4.2.1.2.5. Variance at Completion (VAC) = BAC - EAC

4.2.1.3. Trend analysis

4.2.1.4. Reserve analysis

4.2.2. To-complete performance index

4.2.2.1. TCPI

4.2.2.1.1. TCPI = (BAC – EV)/(BAC – AC)

4.2.2.1.2. TCPI = (BAC – EV)/(EAC – AC)