Scope Baseline

Pop quiz time. Do you remember the elements of the scope baseline? They are the project scope statement, the WBS, and the WBS dictionary. You'll want to consider a few key elements from the project scope statement in this process, including key deliverables, constraints, and assumptions. I can safely say that every project I've ever worked on had a limited budget, which is a classic example of a project constraint. You should also understand other constraints that have the potential to impact costs, such as required delivery dates or availability of resources.

The WBS, as we've discussed, serves as the basis for estimating costs. It contains all the project deliverables and the control accounts are typically established at the work package level. When considering deliverables, think about those that may have contractual obligations that should be considered when determining cost estimates. Or, perhaps you have deliverables that have legal or governmental regulations that will require additional expense to fulfill. Health, safety, security, licenses, and environmental factors are some of the other elements of the scope baseline you should consider when estimating costs, according to the PMBOKĀ® Guide.

Exam Spotlight

Scope definition is a key component of determining the estimated costs and should be completed as early in the project as possible because it's easier to influence costs in the beginning phases of the project. But you can't influence costs if you don't understand the project scope.

Project Management Made Easy

Project Management Made Easy

What you need to know aboutā€¦ Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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