1. 1- PROJECT MANAGEMENT PLAN  

Project management plan components include but are not limited to:  

  • * Cost management plan.

  •  The cost management plan describes how the project costs will be managed and controlled.  

  • * Cost baseline.

  •  The cost baseline is compared with actual results to determine if a change, corrective action, or preventive action is necessary.  

  • * Performance measurement baseline.

  •  When using earned value analysis, the performance measurement

  • baseline is compared to actual results to determine if a change, corrective action, or preventive action is necessary.  

  1. 2- PROJECT DOCUMENTS  

Examples of project documents that can be considered as inputs for this process include but are not limited to the lessons learned register.

Lessons learned earlier in the project can be applied to later phases in the project to improve cost control.  

  1. 3- PROJECT FUNDING REQUIREMENTS  

The project funding requirements include projected expenditures plus anticipated liabilities.  

  1. 4- WORK PERFORMANCE DATA  

Work performance data contains data on project status such as which costs have been authorized, incurred, invoiced, and paid.  

  1. 5- ORGANIZATIONAL PROCESS ASSETS  

The organizational process assets that can influence the Control Costs process include but are not limited to:  

  • * Existing formal and informal cost control-related policies, procedures, and guidelines;  

  • * Cost control tools; and  

  • * Monitoring and reporting methods to be used.