The standard for project management

Schedule management plan.

 Described in Section 6.1.3.1. The schedule management plan establishes the 

criteria and the activities for developing, monitoring, and controlling the schedule. The schedule management 

plan provides processes and controls that will impact cost estimation and management.

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Risk management plan. 

Described in Section 11.1.3.1. The risk management plan provides the approach for 

identifying, analyzing, and monitoring risks. The risk management plan provides processes and controls that will 

impact cost estimation and management.

7.1.1.3 ENTERPRISE ENVIRONMENTAL FACTORS

The enterprise environmental factors that can influence the Plan Cost Management process include but are not 

limited to:

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Organizational culture and structure can influence cost management.

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Market conditions describe what products, services, and results are available in the regional and global markets.

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Currency exchange rates for project costs are sourced from more than one country.

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Published commercial information such as 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. 

Published seller price lists are another source of information.

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Project management information system provides alternative possibilities for managing cost.

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Productivity differences in different parts of the world can have a large influence on the cost of projects.

7.1.1.4 ORGANIZATIONAL PROCESS ASSETS

The organizational process assets that can influence the Plan Cost Management process include but are not limited to:

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Financial controls procedures (e.g., time reporting, required expenditure and disbursement reviews, accounting 

codes, and standard contract provisions);

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Historical information and lessons learned repository;

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Financial databases; and

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Existing formal and informal cost estimating and budgeting-related policies, procedures, and guidelines.

7.1.2 PLAN COST MANAGEMENT: TOOLS AND TECHNIQUES

7.1.2.1 EXPERT JUDGMENT

Described in Section 4.1.2.1 Expertise should be considered from individuals or groups with specialized knowledge 

or training in the following topics:

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Previous similar projects;

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Information in the industry, discipline, and application area;

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Cost estimating and budgeting; and

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Earned value management.