C is the correct answer A You are the project manager for a construction project to build 17 cabins The more an individual completes an activity, the easier it is to complete Developing the Cost Management Plan The cost management plan details how variances from the project costs will be managed The WBS is the primary input to resource planning at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men forced at men 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much the project is going to cost to complete 15 The project manager should list the risks, their expected risk event value, or consult to the response to the risk should it come into play ³ Computerized tools The same software programs used in estimating can help predict the project budget with some accuracy $9,666 21 This top-down approach is good for fast estimates to get a general idea of what the project may cost B is incorrect, as the cost of each book diminishes as more books are created Zero, as project ADS is worth more than Project KJH 17 Here are the inputs to cost budgeting: ³ Cost estimates These serve as key inputs; they're the predicted cost for the project work Zero 13 B The formula for straight-line depreciation is Purchase Value minus Salvage Value divided by Number of Years in Use 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 to sans-serif;} error we're n is the number of time periods79 24 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 What is the BAC? A
C Management Project Costs Poor project management 11 An SME's opinion C ³ Variable costs: costs that vary depending on the conditions within the project D You are now 40 percent done with the project, though your plan called for you to be 45 percent done with the work at this time  A is incorrect, as the cost of the book varies depending on the number of students that register for the class Earned value is the budget at completion multiplied by the percentage of the project work that has been completed ³ Bottom-up Starts with zero or from your adds up all the expenses You have not factored in all of the effort applied to the work $290,000 C The cost management plan documents how the project manager will react to cost variances within the project This is an example of which one of the following? A All of the cabins will be identical in nature 3 The BAC is the budget at completion, which is $290,000
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