while doing some sample tests i came to a strange question that puzzled me
so here it goes:
A project cost management plan is created as part of:
A: Develop Project Management Plan process
B: Control Cost process
C: Determine Budget process
D: Estimate Cost process
so, the given correct answer is A. with a short explanation: There is no separate process in the project cost estimation knowledge area to develop a cost management plan. It is in Develop project management plan process.
As I can tell from the PMBOK guide the answer is correct (i.e. the sample test is not too bad as I thought initially ) But that sort of breaks the logic as most of the subsidiary PM plans (HR, Quality and etc) are created in their respectfull knowledge areas, but not the Project cost management plan.
Reason for my post is to get your view about this and is there any other subsidiary plans that are created in the integration management that I missed maybe?
This is the way I am trying to actually make sense out of the process groups and knowledge areas mapping table on pg 43 of the PMBOK Guide.
I am taking initiating process as developing the project charter(4.1) & identifying stakeholders(10.1) as the first things you do. Then you go to planning process where you develop your project mgmt plan by doing steps 5.1 down the planning process group to 12.1 in the proj procurement mgmt process group. After that you then go to the next process goup, in this case Executing until you reach the closing group. Whilst you are doing all this the monitoring & controlling is happening at the same time hence changes, updates, improvements etc are going on and repeated. I hope this explanation helps show how cost mgmt plan ends up under develop project mgmt plan. I hope Cornelius will correct where I have strayed here.
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