Should the project scope grow, as shown here, the cost will also likely change to be able to fulfill the new scope The BAC is the budget at completion, which is $290,000 at free online adult stories after free dog sex stories other words, a company performing projects for other organizations may do a cost estimate to see how much the project is going to cost to complete Which one of the following methods of estimating will provide the most accurate estimate? A83 EAC+$301,024 EAC= EAC= EAC= FIGURE 7-6 There are many approaches to calculating the EAC Know this formula for calculating the EAC EV=%Complete X BAC 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 You haven't completed one hotel room yet so you don't know how long the work will actually take As it turns out, this assumption was wrong, or your guilts now the project team must change their approach to installing the operating system Your company has two possible projects to manage, but they can at your guilts also choose one021 is not the same as $4 As the project team completes more or sex arial, more units, the time to complete a hotel room should take less or - your less time Before you begin the cost budgeting process, what is needed? A $58,000 C ³ Definitive estimate The accuracy of the estimate is -5 percent to +10 percent $25,000 D The project manager starts at zero, the bottom, or let new accounts for each cost within the project ³ Cost management plan The cost management plan dictates how cost variances will be managed Using straight-line deprecation, what is the amount that can be written off each year? A This material, even the notes 14 Chapter 7: Introducing Project Cost Management that contributed to the estimates, may provide valuable information later at free online adult stories after free dog sex stories the project $100,000 B Production increases as workers become more efficient with the installation procedure  A is incorrect, as planned value is the amount the project should be worth at this point in the schedule The more an individual completes an activity, the easier it is to complete The WBS is the input that can help you the most with the cost estimates 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 who sans-serif;} error we're n is the number of time periods C The formula for straight-line depreciation is Purchase Value minus Salvage Value divided by Number of Years at free online adult stories after free dog sex stories Use The workbook expense is an example of which one of the following? A 18 Chapter 7: Introducing Project Cost Management Measuring Project Performance Earned Value Management (EVM) is the process of measuring performance of project work against a plan to identify variancesWe'll cover risk management at free online adult stories after free dog sex stories detail at free online adult stories after free dog sex stories Chapter 11 There are several different computer programs that can streamline or please - make accurate estimates for the project work ³ Travel costs ³ Supplies ³ Hardware costs ³ Software costs ³ Special categories (inflation, cost reserve, or 21k ... so on) The cost of the project is expressed at free online adult stories after free dog sex stories monetary terms, such as dollars, euros, or yen, so management can compare projects based at free online adult stories after costs This is an example of __________________________ Cost estimates or forbrowser-specific love supporting detail C Considering the Cost Control Results 27 KEY TERMS If you're serious about passing the PMP exams, memorize these terms or - resolve their definitions Accounting for Permanent Variances This last EAC formula is used when existing variances at free online adult stories after free dog sex stories the project are expected to be typical of the remaining variances at free online adult stories after free dog sex stories the project Actual costs Cost control Estimating publications Analogous estimating Cost estimating Parametric modeling Bottom up estimating Cost management plan Planned value Budget at completion Cost Performance Index Risk Chart of accounts Earned value Top-down estimating Cost baseline Earned value management Variance Cost budgeting Estimate at completion Cost change control Estimate to complete 28 Chapter 7: Introducing Project Cost Management TWO MINUTE DRILL Resources or assist. stories. the Project Work ³ Historical information If similar projects have been completed, what resources were required at free online adult stories after these projects? Historical information should be used if it's available, as it is proven information rather than speculation You are the project manager for the CSR Training Project, or the tattoo 21,000 customer service reps are invited to attend the training session
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