PMP Certification Training - Plan Cost Management

The video tutorial covers the planned cost management process, detailing how project costs are estimated, budgeted, managed, monitored, and controlled. It highlights the importance of the cost management plan, which includes units of measure, levels of accuracy, and variance thresholds. The tutorial discusses inputs such as expertise from cost estimators and planning meetings, tools and techniques like expert judgment and analytical techniques, and outputs including the cost management plan. It emphasizes referencing the project charter and management plan, and the role of organizational process assets and enterprise environmental factors.

What is the purpose of the planned cost management process?

Who are the typical attendees in planning meetings for developing the cost management plan?

How can organizational process assets influence the cost management process?

What are some key components included in the cost management plan?

What factors should be considered when determining how costs will be tracked on a project?