Notes:

PURPOSE
This Process Map (PM) addresses the approach for planning the project forecasting effort and management of the plan.
In the development of a cost forecasting plan, the process requires involvement from all functional areas of the project
team, and is not the sole responsibility of the Projects Cost Specialist. Once the plan is developed, each project team
member must understand their level of involvement and responsibilities in making the cost forecasting effort a success on
the project.
Once the forecasting plan has been implemented , the process continues through project completion. Therefore to insure
effectiveness of the forecasting plan, review meetings are essential. These meetings, when held by project managers,
continues to place an emphasis on cost forecasting, and to project management, provides a status of the events that are
having cost impacts on the project cost forecast. The development, implementation and execution of effective cost,
forecasting and change control plans can make the difference of success or failure of a project.
SCOPE
Every project has a responsibility to analyze and forecast total cost, internal or external, depending on contractual
obligations. This PM applies to all projects and elements regardless of the cost impact. The emphasis and level of detail
addressed in development of the project forecasting plan relates to that specific project cost breakdown and will be
significantly detailed in the areas where there is the most exposure (as provided based on risk analyses programs utilized
during the project budgeting phase). This PM is to provide guidelines and considerations when developing any project
forecasting plan to assure that specific responsibilities are provided and designated to responsible individuals.
DEFINITIONS:
REVISION HISTORY:
Revised 17 OCT 02
Changed Owner and Approver Name
Revised to reflect current business practices.
Original Issue: 01.JUN.99

Notes:
PURPOSE
This Process Map (PM) defines the activities and responsibilities associated with the contingency management process on
a project.
Contingency management is a method of planning for the cost/schedule impact of unforeseen growth. Although
contingency management and estimate allowances share some basic similarities, they represent two distinct planning
concepts.
SCOPE
This Process Map applies to all projects, regardless of project management system or contract type. It identifies the project
and corporate personnel who are responsible for the development and implementation of a contingency management plan.
It also illustrates the functional relationships between contingency management methods and the forecasting/forecast
analysis process
DEFINITIONS:
REVISION HISTORY:
Revised 17 OCT 02
Changed Owner and Approval Names
Revised to reflect current business practices.
Original Issue: 18.OCT.99