Ne Activities The process of identifying the specific actions to be performed to produce the project deliverables

• Sequence Activities—The process of identifying and documenting relationships among the project activities.

• Estimate Activity Resources—The process of estimating the type and quantities of material, people, equipment, or supplies required to perform each activity.

• Estimate Activity Durations—The process of approximating the number of work periods needed to complete individual activities with estimated resources.

• Develop Schedule—The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule.

• Control Schedule—The process of monitoring the status of the project to update project progress and managing changes to the schedule baseline.

Project Cost Management includes the processes involved in estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. Project Cost Management processes include the following:

• Estimate Costs—The process of developing an approximation of the monetary resources needed to complete project activities.

• Determine Budget—The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.

• Control Costs—The process of monitoring the status of the project to update the project budget and managing changes to the cost baseline.

Project Management Made Easy

Project Management Made Easy

What you need to know about… 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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