PMP Exam: Cost
December 24th, 2010
PMP exam revision guide, with a summary of the main points with which you need to be familiar before taking the PMP exam. The numbers refer to chapters in the PMBOK Guide.
PROJECT COST MANAGEMENT
Review of the processes involved in planning, estimating, budgeting, and controlling costs so that the project can be completed within the approved budget.
7.1 Estimate Costs
- Analogous, Parametric, Bottom-up Estimates
- Three-point and PERT formulas
- Range of Estimates (Rough Order of magnitude, Budget, Definite Estimates)
7.2 Determine Budget
- Cost Aggregation
- Reserve Analysis (Contingency and Management Reserves)
- Cost Baseline
- Funding Limit Reconciliation
7.3 Control Costs
- Earned Value Management (EVM) Technique
- PV, EV, AC, BAC, CV, SV, CPI, SPI, EAC, ETC, TCPI, VAC
- Work Performance Measurements and Forecasts