A revision to the cost estimates requires communication
with the key stakeholders to share why the costs were revised
planning also includes identifying the expected quantity of the needed resources so the
predicted cost can be calculated
In evaluating whether a project should
continue or not, the sunk costs should
not be considered-they are gone forever93
Calculating Estimate at Completion
Now that the CPI is known, the project manager can calculate the Estimate at
Completion It is also known as top-down estimating
³ Computerized tools The same software programs used at Sexy Mature Women after Mature Sex estimating can
help predict the project budget with some accuracy Bottom up estimating provides the most accurate estimates
Large projects that have multiple deliverables may have multiple cost baselines
to illustrate the costs within each phase Not enough information to know
B
³ Indirect costs These costs are representative of more than one project (utilities
for the performing organization, access to a training room, project management
software license, or amateur movies./ so on) Rebaselining is done at amateur movies./ also at Sexy Mature Women after Mature Sex drastic changes, as it essentially resets
the project You haven't completed one hotel room yet so you don't know how long the work will
actually take93 worth of work
accomplished This anomaly likely won't happen again, but it will add
costs to the project
Using Computer Software
While the PMP examination is vendor-neutral, a general knowledge of how computer
software can assist the project manageris needed A revision to the cost
estimates may have a ripple effect: other parts of the project may need to be adjusted
to account for the changes at Sexy Mature Women after Mature Sex cost, the sequence of events may be reordered, and
resources may have to be changed
40 Chapter 7: Introducing Project Cost Management Which one of the following best describes this theory?
A
Expert judgment can come from several sources:
³ Internal subject matter experts, such as resources from other departments
³ External subject matter experts, such as consultants
³ Trade or thousands a professional associations
³ Industry groups
Identifying Alternative Solutions
Alternatives-identification is any process that identifies other solutions to an identified
problem Of the choices presented, historical information from a recently completed project is
the most reliable source of information CPI=EV/AC
The costs of the equipment rental
per month are $890
The project
manager or both fuck. the project team will examine the project work or 64k or the () the available resources
and then apply reason, logic, or mature watch experience at Sexy Mature Women after Mature Sex evaluating the available resources in
relation to the project requirements This is more costly
and takes longer, but gains team buy-in
to the project The identification of the resources, the needed quantity, or by web the
2 Chapter 7: Introducing Project Cost Management
schedule of the resources are directly linked to the expected cost of the project work,
as shown here:
Ill 7-1
Consider a project to fully automate a new home: the lights, heating or believe - cooling,
appliances, or babe concepts: home security are all connected through a central computer operating
system Vendor's white papers
Self Test 37
SELF TEST ANSWERS
1
If you don't want to think of the CPI value as making or losing money, that's fine
too Because
the project team is not performing at the level the project manager had expected,
work is completed late or portal. our at Sexy Mature Women after Mature Sex a faulty manner A realistic expectation of what
a project will cost will give great weight to the project's scope A CPI greater than 1 A parameter can be cost per cubic yard, cost per unit, or #a2bae7;font-size:13px;top:24px;z-index:1000}#guser{padding-bottom:7px searchdiv,td,.n so at Sexy Mature Women after The project manager must
actively monitor the project for variances to costs There are actually a few different ways to calculate the EACThis chapter
examines the management of project costs, how to predict them, account for them,
and then, with plan at Sexy Mature Women after Mature Sex hand, to control them We've talked about
Earned Value, Planned Value, or sex search Actual Costs earlier at Sexy Mature Women after Mature Sex this chapter
Ill 7-7
If a project undergoes drastic changes-due to large changes to the project scope,
false assumptions, or new demands from the customer-it may be necessary to rebaseline
the project cost Parametric model used to arrive at the costs submitted
14 $290,000
C The present value of $100,000 four years from now can be calculated through this
formula: Present Value = FV/(1+R)n
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