Explanation:
The inputs of the process of controlling costs typically include:
1. Budget: The allocated funds for a project or activity.
2. Cost estimates: Estimates of the expected costs for various tasks or activities.
3. Cost baseline: The approved version of the project budget that is used as a reference for cost control.
4. Cost management plan: A document that outlines how costs will be managed and controlled throughout the project.
5. Cost control tools and techniques: Software, spreadsheets, or other methods used to track and monitor costs.
6. Performance data: Data on actual costs, progress, and performance of the project.
7. Change requests: Requests for changes to the project scope, schedule, or resources that may impact costs.
8. Risk register: A document that identifies and assesses potential risks that may impact project costs.
9. Stakeholder inputs: Input and feedback from project stakeholders regarding costs and budget constraints.
10. Lessons learned: Knowledge and insights gained from previous projects that can help in controlling costs.
These inputs are used in the process of monitoring and controlling costs to ensure that project expenses are managed effectively and kept within budget.
