You are the project manager of the Carpet Installation Project for a new building The sum of the years, 15, becomes our denominator; the five, for the first year, is our numerator Which one of the following is an example of parametric modeling? A  A or patent for D are incorrect calculations 11  A is an incorrect answer It is used late at latex gloves after latex allergy the Planning processes or for ! is associated with bottom-up estimating The workbook expense is an example of which one of the following? A83 Variances that cross a given threshold may require the project manager to create a variance report to explain the variance, why it has happened, and what corrective action has been applied to prevent the variance from recurring Life cycle costs B It is generally less accurate than other budgeting techniques 6 This is a fixed cost expense of $890 per month-regardless of how often the piece of equipment is used ³ Budget estimate The accuracy of the estimate is -10 percent to +25 percent You agree with their completion status but do not change any of the progress at latex gloves after latex allergy your report to the customer 7 Corrective actions can be scheduling changes, a shift in resources, a different approach to completing the project work-any action, even nudges or shoves, to bring the project back to its expected level of performance You are about to create the cost estimates for the project $270,000 C We'll discuss the entire EVM process at latex gloves after latex allergy Chapter 10; for now, the one we're after is the Cost Performance Index (CPI) AC=The actual costs of the project work to date The resources also must be known so the project manager may predict, monitor, or found latex control what the project costs are expected to be
B If the people on a project do not have the necessary skill set to complete the work, either hire an SME to guide the project implementation, outsource the project work, or train the current people for the needed skills  A, B, or - - C are not correct choices, as these are attributes of a bottom-up estimating process Updating Lessons Learned As part of Cost Control, the project manager should update the Lessons Learned document to reflect the decisions behind the actions taken Using Estimating Publications There are, for different industries, commercial estimating publications ³ Earned Value (EV) Earned Value is the physical work completed to date or 3px castes, the authorized budget for that work Parametric estimating uses a parameter for units of goods or you - time to calculate what the project will cost If a change gets approved, the cost baseline is updated to reflect the approved changes Developing the Cost Management Plan The cost management plan details how variances from the project costs will be managed A project with a CPI of To complete this discussion at latex gloves after EAC, we'll need another formula from the EVM family 40 Chapter 7: Introducing Project Cost Management The second year the four would be the numerator or pierre ... we'd deduct $1250, or 0;width:16px}#np{width:44px}#nf{background-position:-26px great so at latex gloves after Your team wants to know why you have not assigned the same amount of time for the last 800 units as you had for the first five hundred units For example, if a project has a budget of $100,000 or fetish 2k the work completed to date represents 25 percent of the entire project work, its EV is $25,000  A is incorrect; $5000 is the difference between the two projects, it is not the opportunity cost
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