Cost Management PMBOK Chapter 7 Introduction

The question on this topic have historically been more difficult than average for some exam taker because of unfamiliarity with some of the math. You will be responsible for a board range of cost concepts and the subject of earned value. The good news is that you don't have to be a certified accountant to answer the question , they are approach from a project managers perspective.

Major Process

1. Cost Management 7.1 Estimate costs

2. Cost Management 7.2 Determine Budget

3. Cost Management 7.3 Control Costs