Explanation/Reference:
Explanation:
7.2.1.6 Enterprise Environmental Factors
Described in Section 2.1.5. The enterprise environmental factors that influence the Estimate Costs process include, but are not limited to:
Market conditions. These conditions describe what products, services, and results are available in the

market, from whom, and under what terms and conditions. Regional and/or global supply and demand conditions greatly influence resource costs.
Published commercial information. Resource cost rate information is often available from commercial

databases that track skills and human resource costs, and provide standard costs for material and equipment. Published seller price lists are another source of information.
Process: 7.2 Estimate Costs
Definition: The process of developing an approximation of the monetary resources needed to complete project activities.
Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.
Inputs
1. Cost management plan
2. Human resource management plan
3. Scope baseline
4. Project schedule
5. Risk register
6. Enterprise environmental factors
7. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Bottom-up estimating
5. Three-point estimating
6. Reserve analysis
7. Cost of quality
8. Project management software
9. Vendor bid analysis
10.Group decision-making techniques
Outputs
1. Activity cost estimates
2. Basis of estimates
3. Project documents updates

Section: Volume E
Explanation/Reference: https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/pulse/pulse-of- the-profession-2018.pdf

Section: Volume A
Explanation:
Process: 6.3 Sequence Activities
Definition: The process of identifying and documenting relationships among the project activities.
Key Benefit: The key benefit of this process is that it defines the logical sequence of work to obtain the greatest efficiency given all project constraints.
Inputs
1. Schedule management plan
2. Activity list
3. Activity attributes
4. Milestone list
5. Project scope statement
6. Enterprise environmental factors
7. Organizational process assets
Tools & Techniques
1. Precedence diagramming method (PDM)
2. Dependency determination
3. Leads and lags
Outputs
1. Project schedule network diagrams
2. Project documents updates