Project Cost Management - Processes Describe the Inputs, Tools and Techniques , Outputs included in the Cost Estimating ?

Correct Answer: Cost Estimating - Developing an approximation of the costs of the resources needed to complete project activities Cost Budgeting - Aggregating the estimated costs of individual activities or work packages to establish a cost baseline Cost Control - Influencing the factors that create cost variances and controlling changes to the project budget

Correct Answer: I Inputs Schedule management plan Schedule baseline Performance reports Approved change requests II Tools and Techniques Progress reporting Schedule change control system Performance measurement Project management software Variance analysis Schedule comparision bar charts III Outputs Schedule model data (updates) Schedule baseline (updates) Performance measurements Requested changes Recommended corrective actions Organizational process assets (updates) Activity list (updates) Activity attributes (updates) Project management plan (updates)

Correct Answer: I Inputs Organizational process assets Project scope statement Activity list Activity attributes Project schedule network diagrams Activity resource requirements Resource calendars Activity duration estimates Project management plan - RisK register II Tools and Techniques Schedule network analysis Critical path method Schedule compression What-if scenario analysis Resource leveling Critical chain method Project management software Applying calendars Adjusting leads and lags Schedule model III Outputs Project schedule Schedule model data Schedule baseline Resource requirements (updates) Activity attributes (updates) Project calendar (updates) Requested changes Project management plan (updates) - Schedule management plan(updates)

Correct Answer: I Inputs Enterprise environmental factors Organizational process assets Project scope statement Activity list Activity attributes Activity resource requirements Resource calendars Project management plan - Risk register - Activity cost estimates II Tools and Techniques Expert judgment Analogous estimating Parametric estimating Three-point estimates Reserve analysis III Outputs Activity duration estimates Activity attributes (updates)

Correct Answer: I Inputs Enterprise environmental factors Organizational process assets Activity list Activity attributes Resource availability Project management plan II Tools and Techniques Expert Judgment Alternatives analysis Published estimating data Project management software Bottom-up estimating III Outputs Activity resource requirements Activity atributes (updates) Resource breakdown structure Resource calendars (updates) Requested changes

Correct Answer: I Inputs Project scope statement Work breakdown structure WBS dictionary Activity cost estimates Activity cost estimate supporting detail Project schedule Resource calendars Contract Cost management plan II Tools and Techniques Cost aggregation Reserve analysis Parametric estimating Funding limit reconciliation III Outputs Cost baseline Project funding requirements Cost management plan (updates) Requested changes

Correct Answer: I Inputs Cost baseline Project funding requirements performance reports Work performance information Approved change requests Project management plan II Tools and Techniques Cost change control system Performance measurement analysis Forecasting Project performance reviews Project management software Variance management III Outputs Cost estimate (updates) Cost baseline (updates) Performance measurements Forecasted completion Requested changes Recommended corrective actions Organizational process assets (updates) Project management plan (updates)

Correct Answer: Quality planning - Identifying which quality standards are relevant to the project and determining how to satisfy them Perform Quality Assurance - Applying the planned , systematic quality activities to ensure that the project employs all processes needed to meet requirements Perform Quality Control - monitoring specific project results to determine whether they comply with relevant quality standards and identifying ways to eliminate causes of unsatisfactory performance

Correct Answer: I Inputs Enterprise environmental factors Organizational process assets Project scope statement Project management plan II Tools and Techniques Cost - benifit analysis Benchmarking Design of experiments Cost of quality(COQ) Additional quality planning tools III Outputs Quality management plan Quality metrics Quality checklists Process improvement plan Quality baseline Project management plan (updates)

Correct Answer: I Inputs Quality management plan Quality metrics Process improvement plan Work performance information Approved change requests Quality control measurements Implemented change requests Implemented corrective actions Implemented defect repair Implemented preventive actions II Tools and Techniques Quality planning tools and techniques Quality audits Process analysis Quality control tools and techniques III Outputs Requested changes Recommended corrective actions Organizational process assets (updates) Project management plan (updates)