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chapter 7 - Coggle Diagram
chapter 7
Five levels for project
portfolio management
Apply modern portfolio theory, including risk-return tools that
map project risk on a curve
Divide your projects into two or three
budgets based on type of investment
Put all your projects in one database
Prioritize the projects in your database
Automate the repository
Types of Costs
and Benefits
Sunk cost
Direct costs
Tangible costs or benefits
Intangible costs or benefits
Indirect costs
Cost Estimation Tools
and Techniques
Parametric modeling
Analogous or top-down estimates
Bottom-up estimates
Cost
Costs are usually measured in monetary
units like dollars
a resource sacrificed or foregone to achieve a specific objective or something given up in exchange
Project cost management
the processes required to ensure that the project is completed within an approved budget
Project Cost
Management Processes
Planning cost management
Estimating costs
Determining the budget
Controlling costs
Basic Principles of
Cost Management
Learning curve theory
Reserves
Contingency reserves
Management reserves
Planning Cost Management
cost management plan
Reporting formats
Control thresholds
Level of accuracy and units of measure
Organizational procedure links
Rules of performance measurement
Process descriptions