sabPMS#66_67_Planning_Cost_Management

sabPMS#66_67_Planning_Cost_Management

1. Life Cycle Costing

   • Cost over the entire life of the product no just the cost over the project

2. Control account

   • Level of WBS to estimate and control cost
   • It´s higher than the work package level

3. Value Analysis (value engineering)

   • Find de less cost way to do the same scope. "How can we decrease cost on the Project while maintening the same scope

4. Cost risk

   • Involves risk, procurement and cost management
   • Implies cost related risk

5. Cost Management Plan

   • Busget plan or Budget Management Plan

6. Required thinking about how you will control cost

7. Analitical techniques

   • Present Value
     • Present discounted value, is the value of an expected income stream determined as of the date of valuation
   • Payback Period
     • The length of time required to recover the cost of an investment
   • Internal rate of return
     • Metric used in capital budgeting measuring the profitability of potential investments
   • Return of investment (ROI)
     • Mesure the potential profitability of an investment by calculating the benefits recived in relations of the cost
   • Discounted cash flow
     • To estimate the attractiveness of an investment by predicting how much money will be recived in the future and discounting it to its current value

8. Involve determining wheter the proyect will be paid with existing founds or wil be founded

9. Include decisions about how to finance Project resources

10. Project Charter

    • Financial restrictions, Budget

11. Organizational process assets

    • Exchange rate , market up´s

12. Project Management Plan

    • schedulle and scope baseline

13. EEF´s

14. Expert Judgment

15. Meetings

16. Part of the Project Management Plan

17. May include:

18. OPÁ´s

    • Financial costs procedures, historial info, financial DB

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