PMI Scheduling Professional Certification (PMI-SP) Practice Exam 2025 - Free PMI-SP Practice Questions and Study Guide

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What is one of the outputs of the Plan Cost process?

Cost estimates

Cost management plan

One of the outputs of the Plan Cost process is the cost management plan. This document is crucial as it outlines how project costs will be managed and controlled throughout the project lifecycle. It includes guidelines for estimating costs, budget determination, and cost control strategies. This ensures that the project remains within the approved budget while adhering to the defined performance and scope criteria.

In contrast, cost estimates are generated during the estimating activity, while the base schedule pertains to time management, not cost, and the risk register pertains to identifying and managing risks in the project environment. The cost management plan consolidates all aspects of cost planning and serves as the guiding document for managing costs throughout the project, making it a vital output of the Plan Cost process.

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Base schedule

Risk register

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