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The project management planning processes integrate with each other to create all components of the project plan. There are 24 project management planning processes. Part 4.
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Quick reference
Project Planning Process Group – Part 4
The project management planning processes integrate with each other to create all components of the project plan. There are 24 project management planning processes.
When to use
Once a project has been initiated it needs to be planned. Projects that are very large or that are adaptive at the time of initiation will often go through a significant replan at the beginning of each phase of the project life cycle. Of course whenever a project change is approved, the team must execute the appropriate planning processes to address the change.
Instructions
Planning Process Group
“Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve.” PMBOK® Guide
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017 Figure Part 2, 2-1, Page 562 and Glossary definition, Page 713. |
Every project needs to be planned. Due to the unique nature of the project goal, objective or results, projects are full of uncertainty. The particular set of deliverables, resources, timing and business environmental factors associated with each process requires a unique project plan. All ten project management knowledge areas contribute to the development of the overall project management plan through the knowledge management plan.
There are 24 processes in the Planning group of project management processes. Four of those processes are addressed in this course module and the other twenty are addressed in other modules. The four in this module are: Plan Cost Management, Estimate Costs, Plan Resource Management, and Estimate Activity Resources.
Plan Cost Management (7.1)
“The process of defining how the project costs will be estimated, budgeted, managed, monitored, and controlled.” PMBOK® Guide
Planning Process Group Cost Mgmt Knowledge Area
This process creates an approach for how cost is to be managed on the project, but not the actual creation of the budget. For instance, if the organization will be using Earned Value Management (EVM), this process would set the parameters and guidance for the Cost Account Managers who actually plan and track project cost progress. The cost management plan is a component of the project management plan.
Inputs:
- Project Charter
- Project Management Plan
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Expert Judgement
- Data Analysis
- Meetings
Outputs:
- Cost Management Plan
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 7-3, Page 235 and Glossary definition, Page 713. |
Estimate Costs (7.2)
“The process of developing an approximation of the monetary resources needed to complete project work.” PMBOK® Guide
Planning Process Group Cost Mgmt Knowledge Area
Estimate the financial resources required to complete each project activity. This process often is an iterative process. The initial estimate, sometimes referred to as a rough order of magnitude, will have a high degree of uncertainty, often exceeding +/- 25%. As the project progresses, the estimates are refined and become more accurate. The estimates will normally be in units of monetary currency, although they are occasionally created in the units of hours of work that are then converted into money.
Inputs:
- Project Management Plan
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Expert Judgment
- Analogous Estimating
- Parametric Estimating
- Bottom-up Estimating
- Three Point Estimating
- Data Analysis
- Decision Making
- Project Management Information System
Outputs:
- Cost Estimates
- Basis of Estimates
- Project Documents Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 7-5, Page 240 and Glossary definition, Page 706. |
Plan Resource Management (9.1)
“The process of defining how to estimate, acquire, manage, and utilize physical and team resources.” PMBOK® Guide
Planning Process Group Resource Mgmt Knowledge Area
This process clarifies for the project team and stakeholders the physical resources to be used by the project and the team members. Projects are implemented by people, often applying physical resources to proejct activities. In this process the way those people and resources will join the project and leave the project are identified. Also it will plan the way the project team will operate.
Inputs:
- Project Management Plan
- Project Charter
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Data Representation
- Organizational Theory
- Expert Judgment
- Meetings
Outputs:
- Resource Management Plan
- Team Charter
- Project Documents Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 9-3, Page 313 and Glossary definition, Page 713. |
Estimate Activity Resources (9.2)
“The process of estimating team resources and the type and quantities of material, equipment and supplies necessary to perform each work.” PMBOK® Guide
Planning Process Group Resource Mgmt Knowledge Area
This process is often confused with the Estimate Costs and Estimate Activity Duration processes. In this process, the type of resource that is required to do the type of activity is determined. The emphasis is on selecting the resource type. The other processes will estimate the amount and timing of those resources.
Inputs:
- Project Management Plan
- Project Documents
- Enterprise Environmental Factors
- Organizational Process Assets
Tools and Techniques:
- Expert Judgment
- Analogous Estimating
- Parametric Estimating
- Bottom-up Estimating
- Meetings
- Data Analysis
- Project Management Information System
Outputs:
- Resource Estimates
- Basis of Estimates
- Resource Breakdown Structure
- Project Document Updates
Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute, Inc., 2017, Figure 9-6, Page 321 and Glossary definition, Page 706. PMBOK is a registered mark of the Project Management Institute, Inc. |
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PMI, PMP, CAPM and PMBOK are registered marks of the Project Management Institute, Inc.