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    Plan Cost Management Estimate Costs Create Work Breakdown Structure

    Uploaded by

    Anifahchannie Pacalna
    The document outlines the key steps for implementing an effective budget system including developing a work breakdown structure and cost estimates, creating a project schedule and budget baseline, procuring resources, identifying and controlling risks, and monitoring actual costs against the plan to provide feedback for future budgeting. It shows the planning process which establishes objectives, budgets, and schedules, and the control process which involves comparing actual results to the plan and taking corrective actions if needed.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Plan Cost Management Estimate Costs Create Work Breakdown Structure

    Uploaded by

    Anifahchannie Pacalna
    21 views3 pages
    The document outlines the key steps for implementing an effective budget system including developing a work breakdown structure and cost estimates, creating a project schedule and budget baseline, procuring resources, identifying and controlling risks, and monitoring actual costs against the plan to provide feedback for future budgeting. It shows the planning process which establishes objectives, budgets, and schedules, and the control process which involves comparing actual results to the plan and taking corrective actions if needed.

    Original Description:

    DFD-FC

    Original Title

    DFD-FC

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    The document outlines the key steps for implementing an effective budget system including developing a work breakdown structure and cost estimates, creating a project schedule and budget baseline, procuring resources, identifying and controlling risks, and monitoring actual costs against the plan to provide feedback for future budgeting. It shows the planning process which establishes objectives, budgets, and schedules, and the control process which involves comparing actual results to the plan and taking corrective actions if needed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views3 pages

    Plan Cost Management Estimate Costs Create Work Breakdown Structure

    Uploaded by

    Anifahchannie Pacalna
    The document outlines the key steps for implementing an effective budget system including developing a work breakdown structure and cost estimates, creating a project schedule and budget baseline, procuring resources, identifying and controlling risks, and monitoring actual costs against the plan to provide feedback for future budgeting. It shows the planning process which establishes objectives, budgets, and schedules, and the control process which involves comparing actual results to the plan and taking corrective actions if needed.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Create Work

    Breakdown Plan Cost


    Estimate Costs
    Structure Management

    Cost Management Activity cost estimates


    Plan Basis of estimates
    Documents
    Develop
    Schedule
    Budget
    Scope Baseline
    documents
    updates
    Acquire
    Professional Determine Budget
    Team Develop Budget
    Cost Baseline Plan
    Resource Calendars

    Identify Risks

    Conduct
    Procurements Agreements
    Control Costs

    Organizational
    Enterprise/ process assets
    Organization

    Data Flow Diagram: Implementing Effective Budget System


    Implementing Effective Budget System: Planning and Control
    Flow Chart

    Planning Control

    STRATEGIC PLAN MONITORING OF ACTUAL


    ACTIVITY AND MEASURING
    ACTUAL RESULTS

    LONG-TERM OBJECTIVES

    SHORT-TERM OBJECTIVES

    MANAGEMENT DECISIONS

    COMPARING ACTUAL
    RESULTS WITH THE PLAN-
    IDENTIFYING SIGNIFICANT
    DEVIATIONS

    BUDGETS

    FEEDBACK FOR INVESTIGATING


    FUTURE PLANNING SIGNIFICANT DEVIATIONS
    FROM PLAN

    TAKING-CORRECTIVE
    ACTION

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