1. 1- PROJECT MANAGEMENT PLAN  

Project management plan components include but are not limited to:  

  • * Cost management plan.

  •  The cost management plan describes estimating methods that can be used and the

  • level of precision and accuracy required for the cost estimate.  

  • * Quality management plan. 

  • The quality management plan describes the activities and resources necessary for

  • the project management team to achieve the quality objectives set for the project.  

  • * Scope baseline. 

  • The scope baseline includes the project scope statement, WBS, and WBS dictionary.  

  1. 2- PROJECT DOCUMENTS  

Project documents that can be considered as inputs for this process include but are not limited to:  

  • * Lessons learned register. 

  • Lessons learned earlier in the project with regard to developing cost estimates can be applied

  • to later phases in the project to improve the accuracy and precision of the cost estimates.  

  • * Project schedule. 

  • The schedule includes the type, quantity, and amount of time that team and physical resources

  • will be active on the project. The duration estimates will affect cost estimates when resources

  • are charged per unit of time and when there are seasonal fluctuations in costs.  

  • * Resource requirements.

  •  Resource requirements identify the types and quantities of resources required for each work package or activity.  

  • * Risk register.

  •  The risk register contains details of individual project risks that have been identified and prioritized, and for which risk responses are required.  

  1. 3- ENTERPRISE ENVIRONMENTAL FACTORS  

The enterprise environmental factors that can influence the Estimate Costs process include but are not limited to:  

  • * Market conditions.

  •  These conditions describe what products, services, and results are available in the market, from whom, and under what terms and conditions.  

  • * Published commercial information.

  •  Resource cost rate information is often available from commercial databases that track

  • skills and human resource costs, and provide standard costs for material and equipment.  

  • * Exchange rates and inflation.

  •  For large-scale projects that extend multiple years with multiple currencies, the fluctuations of

  • currencies and inflation need to be understood and built into the Estimate Cost process.  

  1. 4- ORGANIZATIONALPROCESS ASSETS  

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

  • *Cost estimating policies,  

  • *Cost estimating templates,  

  • *Historical information and lessons learned repository.