Do you need customer support or technical assistance? Click here to submit a support ticket...
  • Page:
  • 1

TOPIC: Question Why Cost Baseline not an input to Control Costs?

Why Cost Baseline not an input to Control Costs? 3 years 2 months ago #4957

  • Ashwin Kumar Chandrasekaran
  • Ashwin Kumar Chandrasekaran's Avatar Topic Author
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 4
  • Thank you received: 4
While closely reviewing the inputs to Control Costs under the Cost Management Knowledge area, I noticed the following.

Cost Baseline which is a key output of the Determine Budget Process is not an input to Control Costs.

Here are the inputs to Control Costs:
1. PM Plan
2. Project Funding Requirements
3. Work Performance Data
4. OPA

Is it assumed that PM Plan contains the Cost Baseline (as part of Cost Management Plan)?

Why Cost Baseline not an input to Control Costs? 3 years 2 months ago #4959

  • James Whelan
  • James Whelan's Avatar
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 9
  • Thank you received: 2
Its contained in the project management plan.

Why Cost Baseline not an input to Control Costs? 3 years 2 months ago #4962

  • Steve Sandoval
  • Steve Sandoval's Avatar
  • Offline
  • Senior Boarder
  • Senior Boarder
  • Posts: 49
  • Thank you received: 8

The Project Management plan does indeed contain the Cost Baseline -- in fact, all of your baselines (scope, schedule, etc) are considered part of the PM plan.

However, that does not mean that the Cost Baseline is part of the Cost Management Plan. The Cost Management Plan is all about how you are going to plan, estimate, control, and report costs. So logically the Cost Management is an input for developing the Cost Baseline.
Steve Sandoval, PMP
Community Moderator
  • Page:
  • 1
Moderators: Yolanda MabutasTimothy EnallsScott GillardMary Kathrine PaduaERIC BARTLETTKevin NasonSteven Mudrinich, PMPMark Wuenscher, PMPJohn WolvertonTracy Shagnea, PMPJada GarrettMark LacattivaPatrick Floris PhD PMPTy Weston, PMPGenevieve Pluviose, PMP

Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Boost Your PMP Exam Prep in Only Six Hours! Join the Live PMP Coaching Class on Feb 24/25 for just $79. Learn More...
The PMP Exam is Changing in 2018
Simona and Cornelius
Free Interview - Listen Now

This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.

Thank you!
Cornelius Fichtner, PMP, CSM