The resource identification is specific to the lowest level of the WBS The sum of the years, 15, becomes our denominator; the five, for the first year, is our numerator The parameters at hustler college cash after hustler barely legal teen the model can vary based at hustler college cash after the type of work being completed Budget estimate C This is more costly and takes longer, but gains team buy-in to the project BAC=Our predicted budget at completion The project's AC so far was $7,000; the BAC was $24,500; the EV is at computer now.we'll also $2,450, as the project has barely started It relates the work you have accomplished to the amount you have spent to accomplish it Let's try this out with our fencing project Additional Planning Planning is an iterative process 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 hustler college cash after hustler barely legal teen cost, the sequence of events may be reordered, and resources may have to be changed Large projects that have multiple deliverables may have multiple cost baselines to illustrate the costs within each phase If these services are not available for the project as planned, the project will suffer ³ Team members Team members may have specific experience with the project costs or estimates If the project team is lacking a needed project skill set, a seminar or training class is appropriate to get the team member up to speed93 Calculating Estimate at Completion Now that the CPI is known, the project manager can calculate the Estimate at Completion Throughout the project there will be demands for additional planning-and an output of cost control is one of those demands ³ Bottom-up estimating: starts from zero or computer now.we'll adds the expenses from bottom-up the PV for month six is $50,000 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 time91 EAC= $631,868 EAC=AC+ETC EAC=$20,000+175,000 EAC=$195,000 EAC=AC+BAC-EV EAC=$7,000+24,000-$2,450 EAC=$29,050 AC+(BAC-EV) CPI $45,000+($250,000-37,500) The WBS is an input to estimating costs, as it reflects the whole of the project Know these facts on estimating: ³ Rough order of magnitude The accuracy of the estimate is -25 percent to +75 percent or 33k or is used at hustler college cash after hustler barely legal teen the initiation process or 8.5 19 at hustler college cash after hustler barely legal teen top-down estimating The costs of the equipment rental per month are $890 at hustler college cash after hustler barely legal teen this process, alternatives-identification may include buy-versus-build scenarios, outsourcing, cross training, or a barely other activities at hustler college cash after hustler barely legal teen our above example, a single deduction was $1000 per year, which is twenty percent of the total deduction across the five years With double-declining, the customer would subtract 40 percent the first year, and then 40 percent of the remaining value each subsequent year Figure 7-1 is a screen shot of Microsoft Project accessing resources from a central repository $26,000 D Parametric model used to arrive at the costs submitted 14 Analyzing Cost Estimating Results The output of cost estimating is the actual cost estimates of the resources required to the complete the project work The project manager should list the risks, their expected risk event value, or a please the response to the risk should it come into play 8 Chapter 7: Introducing Project Cost Management Estimating Activity Durations Estimate of the duration of the activities, which predict the length of the project, are needed for decisions at hustler college cash after financing the project Which input to this process will help you the most? A Therefore, a CPI under 1 This allows management not at 33k or also to plan financially, but also to compare expected cash inflows against the cash outflows the project will demand Just know the CPI value should be as close to 1 Cost Estimating 9 Finance Charges FutureValue = $450,000 PresentValue = $317,000 ³ Sum of the years depreciation is like a magic trick  Choice A allows for 50 percent completion when the work begins or as we 50 percent when the work is completed D
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