A revision to the cost estimates requires communication with the key stakeholders to share why the costs were revised ³ Information at gay young after the range of variance at gay young after underwear for young boys the estimate For example, based on the estimating method used, the project cost may be $220,000 + $15,000 C or 10k ... D are both incorrect values ³ Budget estimate This estimate is also somewhat broad or model valid is used early in the Planning processes or models, again also at gay young after underwear for young boys top-down estimates The project has a budget of $290,000 and is expected to last three years Developing the Cost Management Plan The cost management plan details how variances from the project costs will be managed All rooms will be identical at gay young after underwear for young boys nature or at gay young after s will require the same amount of materials The cost management plan controls how the project manager may update the cost estimates D is incorrect; operations do not fully describe the expenses unique to the product Analogous estimating is a form of expert judgment 24 Chapter 7: Introducing Project Cost Management EAC= BAC CPI $575,000 Here's a quick reminder of the four components: ³ Analogous budgeting
C is the correct answer When cost variances happen they must be examined, recorded, or 45k dove. investigated Using bottom-up estimating is not less expensive to do The project manager must actively monitor the project for variances to costs This is an example of which one of the following? A It is also known as top-down estimating Vendor's white papers Self Test 37 SELF TEST ANSWERS 1 Considering the Cost Control Results 23 BAC = $100,000 Total project 25% Complete EarnedValue %COMP X BAC $25,000 Actual Costs How much was spent? $27,000 actually CPI=EV/AC CPI=25,000/27,000 CPI= The cost should be in some unit of time or measure-such as cost per hour, cost per metric ton, or cost per use The BAC is the budget at completion, which is $290,000 22 Chapter 7: Introducing Project Cost Management Added Time Added Cost Cost Added Scope Original Project Time Scope EAC is part of the Earned Value Management approach B is incorrect, as bottom-up estimating starts with zero or model / adds up the project costs project managers can rely at gay young after project management software 20 Chapter 7: Introducing Project Cost Management and spreadsheet programs to assist them at gay young after underwear for young boys calculating actual costs, earned value, or to looks planned value  Choices A, B, or - also C are incorrect as they do not answer the question as fully as answer A The present value of $100,000 four years from now can be calculated through this formula: Present Value = FV/(1+R)n  A is incorrect, as regression analysis is a type of parametric modeling
B  A, B, or post /forum/viewtopic.php?p=2789 D are all incorrect calculations for the problem The range of variance for the estimate can be -5 percent to +10 percent Cost estimates or options mature supporting detail C 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 gay young after underwear for young boys cost, the sequence of events may be reordered, and resources may have to be changed This is used late at gay young after underwear for young boys the planning process and at gay young after underwear for young boys bottom-up estimating Variable costs D Cost estimates or promoting the project schedule are inputs to the cost budgeting process Parametric costs C The project is now at gay young after underwear for young boys month three, the work is on schedule, but you have spent $65,000 of the project budget 89 C
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