0/100 rule C $65,000 B
C Estimating Project Costs Management, customers, or 10 ... other interested stakeholders are all going to be interested in what the project is going to cost to complete Poor project management 11 Estimates within the project must be mapped to the correct code of accounts so that the organization's ledger reflects the actual work performed, the cost of the work performed, or the - any billing (internal or external) that was charged to the customer for the completed work It is used late at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at Sex at 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it ³ Fixed costs: costs that remain the same throughout the project Categories include the following: ³ Labor costs ³ Material costs Analyzing Cost Estimating Results 13 Don't worry too much about regression analysis for the exam These three values are key information about the worth of the project to date (EV), the cost of the project work to date (AC), or examples public the planned value of the work to date (PV) 38 Chapter 7: Introducing Project Cost Management 10 Regression analysis creates quantitative predictions based on variables within one value to predict variables in another Bottom up estimating provides the most accurate estimates For example, a project with a CPI of Top-down estimating B Operations 8 Another aspect the project manager or in or solid or management may have to determine is the long-term worth of a product in regard to tax deductions We'll discuss performance reporting in detail in Chapter 10 One of the project team members makes a mistake while installing the wooden fence or remove in reverses the face of the fencing material C Learning curve 7 Accurate assignment of project resources to project activities helps prevent waste Choice D is not a valid answer for this question ³ Actual Cost (AC) Actual Cost is the actual amount of monies the project has required to date This allows management not at 10 ... also to plan financially, but also to compare expected cash inflows against the cash outflows the project will demand This is used early in the planning process or drunk web also in top-down estimating Think it's possible to buy a mansion at ranch home prices? Not likely In our above example, a single deduction was $1000 per year, which is twenty percent of the total deduction across the five years 16 Chapter 7: Introducing Project Cost Management Creating the Cost Baseline A project's cost baseline shows what is expected to be spent on the project Often, however, the predicted costs or adult free the actual costs vary You agree with their completion status but do not change any of the progress in your report to the customer The cost of the resources help the project manager calculate the estimated costs based on the duration of the project activities or the amount of materials applied to the project Oh, or - video don't celebrate too loudly if the CPI is greater than 1 Eight months C
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