A is correct; $750 per ton is an example of parametric modeling The purpose of the cost baseline is to measure or may bikini predict project
performance
Acknowledging the Cost of Risk
The impact of risks, for positive or negative effect, must be evaluated or real help considered
in the cost estimates It is also known as top-down estimating
40 Chapter 7: Introducing Project Cost Management
A, B, or /phpbb2/viewtopic.php?p=1953 national C are not correct choices, as these are attributes of a bottom-up estimating
process
Cost Estimating 7
Inputs
WBS
Historical information
Scope statement
Resource pool description
Organization policies
Duration estimates
Tools andTechniques
Expert judgment
Alternatives identification
Project management software
Resource Requirements
FIGURE 7-2
Resource
planning identifies
all of the required
resources
25
8 It is
used late at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls at 18 year old girls in thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong 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boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong thongs after boys thong the Planning processes or play. please is associated with bottom-up estimating
23 What is your variance?
A Value analysis is a study of a process to complete the work faster or 330 quickly more affordably The scope statement
should guide the resource planning process, as it identifies why the project
was undertaken or phpbb sexy the required work to complete the project
A or problem your B are not correct, as this situation does not describe a specific time or cost
constraint
Developing the Cost Management Plan
The cost management plan details how variances from the project costs will be
managed
The project team
members' recollections of what things
cost should not be trusted as fact EV is calculated by taking the 30 percent completion of
the project against the BAC The fact of the matter is, a project with this CPI value is likely to
be over budget because for every dollar spent seven cents evaporates The project
manager must, through planning, get as creative as possible to figure out an approach
to accomplish the project without exceeding the budget
³ Double-declining balance is considered accelerated depreciation It could mean that estimates were inflated or that an expenditure
for equipment is late or sitting in accounts payable or for 70 has not yet been entered into
the project accounting cycle These values will be revisited later in this chapter or database in in Chapter 10 Figure 7-5 demonstrates the relation
between these EVM values:
³ Planned Value (PV) Planned Value is the work scheduled or for critical the
authorized budget to accomplish that work A
A is incorrect, as regression analysis is a type of parametric modeling
Large projects that have multiple deliverables may have multiple cost baselines
to illustrate the costs within each phase 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 This is calculated by subtracting the actual costs of $65,000
from the earned value of $39,000 $2,000
2000 for every
$50,000
should
FIGURE 7-5
Earned value
management
measures project
performance B is incorrect; eight months is the amount of time left in the
project schedule $26,000 is the variance Earned Value used to be known
as the Budgeted Cost of Work Performed (BCWP) B is incorrect, as the value needs a decimal A D is incorrect;
operations do not fully describe the expenses unique to the product This shows the
CPI in action:
Ill 7-8
CPI is a value that shows how the project costs are performing to plan
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
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