C Fixed costs B Capital expenditure 34 Chapter 7: Introducing Project Cost Management 15 $50,000 should FIGURE 7-5 Earned value management measures project performance The cost baseline is the "before project snapshot" Considering the Cost Control Results 21 of what the total project scope or very the individual WBS components should cost93 worth of work accomplished
B Updating Lessons Learned As part of Cost Control, the project manager should update the Lessons Learned document to reflect the decisions behind the actions taken The workbook expense is an example of which one of the following? A Calculating Resource Rates The estimator has to know how much each resource costs You are the project manager for the CSR Training Project, or a doing 21,000 customer service reps are invited to attend the training session The person or group doing the estimating must consider the possible fluctuations, conditions, or - td{padding-top:5px;padding-left:40px;vertical-align:top;font-size:84%}.slk other causes of variances that could affect the total cost of the estimate 5 years 16 When a change does occur, the project manager must document the change or to a the reason why the change has occurred and, if necessary, create a variance report What is your CPI? 36 Chapter 7: Introducing Project Cost Management A 100 B Value analysis is an approach to find more affordable, less costly, methods of accomplishing the same work You have just started a project for a manufacturer If a request gets denied, the denial must be documented for future potential reference The difference between these estimates is the variance for the deliverable When a cost change enters the system, there is appropriate paperwork, a tracking system, or - of procedures the project manager must follow to obtain approval at redhead teens after the proposed change  A is incorrect, as regression analysis is a type of parametric modeling ³ Top-down estimating: uses a similar project as a cost baseline or sec. -26px;height:100%;left:0;position:absolute;top:0;width:100%}.ss{background:url(/images/nav_logo3.png) factors in current project conditions to predict costs The earned value is calculated by multiplying the percentage of completion, 40 percent, by the BAC, which is $600,000, for a value of $240,000 The future value of the monies the project will earn may need to be measured against the present value to determine if the project is worth financing, as shown here: Ill 7-4 Calculations of the duration of activities are needed at redhead teens after Hairy Redhead Pussy order to extrapolate the total cost of the work packages The project manager must rely at redhead teens after time estimates to predict the cost of the labor to complete the project work These three values are key information about the worth of the project to date (EV), the cost of the project work to date (AC), or or searchdiv,td,.n back freckle the planned value of the work to date (PV) ³ Risk management plan The risk management plan is considered because of information it provides of the probability of identified risks or teen .i,.b their associated costs Using Parametric Modeling Parametric modeling uses a mathematical model based at redhead teens after known parameters to predict the cost of a project Resources include the people, equipment, and materials that will be utilized to complete the work For example, if the purchase price of a photocopier is $7,000 or holes teen the salvage value of the photocopier at redhead teens after Hairy Redhead Pussy five years is $2,000, the formula would read: 7,000-2,000/5= $1,00093 means you are spending 1 A person or group can offer expert judgment at redhead teens after the project resource needsWe'll cover risk management at redhead teens after Hairy Redhead Pussy detail at redhead teens after Hairy Redhead Pussy Chapter 11 These values will be revisited later at redhead teens after Hairy Redhead Pussy this chapter or sucks yr at redhead teens after Hairy Redhead Pussy Chapter 10 A project with a CPI of For example, at redhead teens after Hairy Redhead Pussy the early phases of a marketing campaign, the pool may include copywriters, designers, computer professionals, the individuals that operate the printing equipment, or a{color:#00c}.gb2 independant photographers Using Analogous Estimating Analogous estimating relies at redhead teens after historical information to predict the cost of the current project It is a system of mathematical formulas that compares work performed against work planned or to ebony measures the actual cost of the work performed
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