One day bangalore & kolkata

why Activity cost estimates is an input ?

Exclusive forum for iZenBirdge PMP® clients
pmpstudent
Posts: 17
Joined: Tue Dec 10, 2013 11:08 am

why Activity cost estimates is an input ?

Postby pmpstudent Tue Dec 10, 2013 4:22 pm

In Process 6.4 (Estimate Activity Resources) why Activity cost estimates is an input.?
In my view we cannot determine cost of activity till we have activity timing (dates) and nature of resource identified.
User avatar
saket
Site Admin
Site Admin
Posts: 3127
Joined: Sat Dec 07, 2013 10:37 pm

Re: why Activity cost estimates is an input ?

Postby saket Tue Dec 10, 2013 4:28 pm

In some cases you have constraint attached to the activity, for example you want to do PMP online program and you can spend up to 100 USD for it. So in such cases the selection of program may be driven by the cost estimated or budgeted in advance. This is not always the case for project activities but in few you may have such limits.
Explore our online PMP Program , it makes PMP Easy :-) http://goo.gl/ZmD3xF

Image Image Image Image

Return to “PMP® Queries and Tips”

Who is online

Users browsing this forum: No registered users and 4 guests