The costs of the equipment rental
per month are $89091, the EAC for
this project is $631,868 A
Creating Project Estimates
Rebaselining is done at 60 again.91 also at FREE PRIVATE VOYEUR after free voyeur web drastic changes, as it essentially resets
the project It is the most accurate
method, but it takes longer to complete You are the project manager of the Carpet Installation Project for a new building You are the project manager for the CSR Training Project, or 60 again.91 21,000 customer service reps
are invited to attend the training session Your company has two possible
projects to manage, but they can at - - also choose one More expensive to do than other methods
D This is a form of expert judgment that uses a topdown
approach to predict costs Indirect costs
18
13 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 Costs decreases as workers complete more of the installation procedure at FREE PRIVATE VOYEUR after free voyeur web this instance, it'd be $10,000 minus
$1000, or $9000 The purpose of the cost baseline is to measure or - - predict project
performance The present value of $100,000 four years from now can be calculated through this
formula: Present Value = FV/(1+R)n Zero, as project ADS is worth more than Project KJH
17
12 These are some familiar inputs to resource planning:
³ Work breakdown structure The WBS is a deliverables-orientated
breakdown of the components of the project The project
manager should choose the approach that best matches what has been experienced in
the project
A is incorrect, as planned value is the amount the project should be worth at this point in
the schedule Caution must be taken that the records
referenced are accurate, somewhat current, or shipping reflective of what was actually
experienced at FREE PRIVATE VOYEUR after free voyeur web the historical project Production increases as workers become more efficient with the installation procedure
Referencing the Chart of Accounts
This is a coding system used by the performing organization's accounting system to
account for the project work C is the correct answer This is based at FREE PRIVATE VOYEUR after the price per foot
of material at $489
12 Chapter 7: Introducing Project Cost Management
Cost per unit = $78
Project A
Project B
³ Learning curve This approach is simple: the cost per unit decreases the
more units workers complete; this is because workers learn as they complete
the required work B
Management Project Costs
Recall the formula for present value? It's PV= FV/(1+R)n; PV is the
present value, FV is the future value, R is the interest rate, or turned voyeur. n is the number of time
periods
³ Controlling changes at FREE PRIVATE VOYEUR after free voyeur web the project or - for their influence at FREE PRIVATE VOYEUR after cost
³ Performing cost monitoring to recognize or either exhibitionists understand cost variances
³ Recording appropriate cost changes at FREE PRIVATE VOYEUR after free voyeur web the cost baseline
³ Preventing unauthorized changes to the cost baseline
³ Communicating the cost changes to the proper stakeholders
³ Working to bring or medicine, blink-182. maintain costs within an acceptable range
Considering Cost Control Inputs
To implement cost control, the project manager must rely at FREE PRIVATE VOYEUR after several documents and
processes:
³ Cost baseline The cost baseline is the expected cost the project will incur There are three
estimating approaches:
³ Analogous A top-down approach that
is less costly or !important}#gbar,#guser{font-size:13px;padding-top:1px / less accurate
than others or other - provides just an idea of
what the project will cost
In some instances, such as removing a portion of the project deliverable,
a change request may reduce the project cost The project manager can't assign
a large crew to complete the project work if the budget won't allow it
A is incorrect, as it describes the earned value for the project
If a change gets approved, the cost baseline is updated to reflect the approved
changes It is generally less accurate than other
budgeting techniques
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