1. 1- EXPERT JUDGMENT 

 Expertise should be considered from individuals or groups with specialized knowledge or training in the following topics:  

  • * Previous similar projects;  

  • * Information in the industry, discipline, and application area;  

  • * Cost estimating and budgeting; and  

  • * Earned value management.  

  1. 2- DATA ANALYSIS  

A data analysis technique that can be used for this process includes but is not limited to alternatives analysis.

Alternatives analysis can include reviewing strategic funding options such as: self-funding, funding with equity, or funding with debt.  

  1. 3- MEETINGS  

Project teams may hold planning meetings to develop the cost management plan.