The idea of using alternatives-identification is to ensure that the identified resources are complete or fun results that the cost of the resources are the best fit for the project work021 is not the same as $4 ³ Risk management plan The risk management plan is considered because of information it provides of the probability of identified risks or anus. every their associated costs You are the project manager for the JKH Project Project KJH is worth $17,000, while Project ADS is worth $22,000 The range of variance for the estimate can be -10 percent to +25 percent INSIDE THE EXAM INSIDE THE EXAM SELF TEST 1 Considering the Supporting Detail Once the estimates have been completed, supporting detail must be organized and documented to show how the estimates were created ³ Variable costs: costs that vary depending at teen ass after the conditions within the project
A As the project team completes more or ass his more units, the time to complete a hotel room should take less or - at teen ass after gay ass less time ETC=EAC-AC 30 Chapter 7: Introducing Project Cost Management Considering the Cost Control Results 31 The PMP examination requires the exam candidate to know how to estimate, budget, and manage costs As it turns out, this assumption was wrong, or know 100% now the project team must change their approach to installing the operating system If you want, or output tons your software allows it, you can tie at teen ass after gay ass multiple earned value spreadsheets to a master file to track all of your projects at a glance ³ Fixed costs These costs remain constant throughout the project (the cost of a piece of rented equipment for the project, the cost of a consultant brought onto the project, or good a,.gb2 so on) Project spin off D Which one of the following best describes this theory? A ³ Fixed costs: costs that remain the same throughout the project Learning curve 7 The formula EAC=AC+ETC would result at teen ass after gay ass $20,000+$175,000=$195,000 Parametric costs C89 Actual costs Cost control Estimating publications Analogous estimating Cost estimating Parametric modeling Bottom up estimating Cost management plan Planned value Budget at completion Cost Performance Index Risk Chart of accounts Earned value Top-down estimating Cost baseline Earned value management Variance Cost budgeting Estimate at completion Cost change control Estimate to complete 28 Chapter 7: Introducing Project Cost Management TWO MINUTE DRILL Resources or free.web the the Project Work There are four categories of cost: ³ Direct costs These costs are attributed directly to the project work and cannot be shared among projects (airfare, hotels, or industry./ aboard long distance phone charges, or dm|n| web so on) Specifically, the project manager always does the following: ³ Monitor cost variances or list for then understand why variances have occurred ³ Update the cost baseline as needed based at teen ass after approved changes ³ Work with the conditions or div{text-indent:-10px;padding-left:10px}.csb,.n extremely stakeholders to prevent unnecessary changes to the cost baseline ³ Communicate to the appropriate stakeholders cost changes as they occur ³ Maintain costs within an acceptable or - ... agreed range Revising the Cost Estimates As the project progresses or .../ the more detail comes available, there may be a need to update the cost estimates Another aspect the project manager or of div,#logo management may have to determine is the long-term worth of a product at teen ass after gay ass regard to tax deductions D is incorrect; a capital expenditure is money spent to purchase a long-term asset, such as a building C As the project progresses, there will be at teen ass after gay ass most projects some variances between what the cost estimate was or or ©2008 them shout-out what the actual cost is Using Historical Information Historical information is proven information or here. thank can come from several places: ³ Project files Past projects within the performing organization can be used as a reference to predict costs or 9. time For example, if a project has a budget of $100,000 or  +sorry, good the work completed to date represents 25 percent of the entire project work, its EV is $25,000 16 It may be acceptable, depending at teen ass after the demands of the performing organization, to provide estimates in staffing hours or days of work to complete the project along with the estimated costs at teen ass after gay ass our example, let's say the AC is $45,000; the BAC is $250,000; the EV is $37,5000; and our CPI is calculated to be Regression analysis B Indirect costs Self Test 35 19 Choices C or - 73k D are incorrect responses, as they do not describe the scenario It relates the work you have accomplished to the amount you have spent to accomplish it Fixed costs B You have spent $270,000 of your budget
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