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1- PROJECT MANAGEMENT PLAN
Project management plan components include but are not limited to:
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* Cost management plan.
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The cost management plan describes estimating methods that can be used and the
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level of precision and accuracy required for the cost estimate.
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* Quality management plan.
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The quality management plan describes the activities and resources necessary for
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the project management team to achieve the quality objectives set for the project.
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* Scope baseline.
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The scope baseline includes the project scope statement, WBS, and WBS dictionary.
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2- PROJECT DOCUMENTS
Project documents that can be considered as inputs for this process include but are not limited to:
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* Lessons learned register.
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Lessons learned earlier in the project with regard to developing cost estimates can be applied
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to later phases in the project to improve the accuracy and precision of the cost estimates.
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* Project schedule.
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The schedule includes the type, quantity, and amount of time that team and physical resources
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will be active on the project. The duration estimates will affect cost estimates when resources
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are charged per unit of time and when there are seasonal fluctuations in costs.
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* Resource requirements.
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Resource requirements identify the types and quantities of resources required for each work package or activity.
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* Risk register.
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The risk register contains details of individual project risks that have been identified and prioritized, and for which risk responses are required.
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3- ENTERPRISE ENVIRONMENTAL FACTORS
The enterprise environmental factors that can influence the Estimate Costs process include but are not limited to:
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* Market conditions.
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These conditions describe what products, services, and results are available in the market, from whom, and under what terms and conditions.
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* Published commercial information.
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Resource cost rate information is often available from commercial databases that track
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skills and human resource costs, and provide standard costs for material and equipment.
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* Exchange rates and inflation.
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For large-scale projects that extend multiple years with multiple currencies, the fluctuations of
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currencies and inflation need to be understood and built into the Estimate Cost process.
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4- ORGANIZATIONALPROCESS ASSETS
The organizational process assets that can influence the Estimate Costs process include but are not limited to:
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*Cost estimating policies,
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*Cost estimating templates,
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*Historical information and lessons learned repository.