As a project manager tasked with the planning of cost management for an upcoming software development project, what is the FIRST document you should reference to ensure your cost management plan aligns with how costs will be managed and controlled throughout the project life cycle?
When beginning the Plan Cost Management process, the first document a project manager should reference is the project management plan, specifically the cost management plan component. This document provides the necessary guidance on the approved financial resources, planning and estimating costs, budgeting, and controlling costs. It is foundational to the Plan Cost Management process as it sets the framework for how costs will be estimated, budgeted, and managed throughout the project.
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