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Estimate Costs — ITTO

Estimate Costs is a Planning process in the Cost Management knowledge area. It takes 4 inputs, applies 8 tools & techniques, and produces 3 outputs.

Inputs (4)

  1. 1.Project management plan
  2. 2.Project documents
  3. 3.Enterprise environmental factors
  4. 4.Organizational process assets

Tools & Techniques (8)

  1. 1.Expert judgment
  2. 2.Analogous estimating
  3. 3.Parametric estimating
  4. 4.Bottom-up estimating
  5. 5.Three-point estimating
  6. 6.Data analysis
  7. 7.Project management information system
  8. 8.Decision making

Outputs (3)

  1. 1.Cost estimates
  2. 2.Basis of estimates
  3. 3.Project documents updates

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