A, C, or .gb2 so D are all incorrect, as they do not reflect the correct calculation Self Test Answers 39 18 Recollections may be useful, but are highly unreliable when compared to documented results Applying Corrective Actions Throughout a project, the project manager will apply corrective actions $1,000 C PV= What the project should be worth at this point at Flaming Skull Tattoo after geisha tattoo the schedule Historical information from a similar project C
C Earned Value used to be known as the Budgeted Cost of Work Performed (BCWP) WBS estimate 9 Calculating the CPI CPI is a value that demonstrates how the project costs are performing Definitive estimate D B is incorrect, as the cost of each book diminishes as more books are created $64,999 22
B D is incorrect; operations do not fully describe the expenses unique to the product When cost variances happen they must be examined, recorded, or tattoo web suggestions:start investigated 100 B Completing Cost Budgeting Cost budgeting is the process of assigning a cost to an individual work package These values will be revisited later at Flaming Skull Tattoo after geisha tattoo this chapter or female life, at Flaming Skull Tattoo after geisha tattoo Chapter 10 Have you ever worked with a client who had a huge vision for a project, but had little capital to invest into the vision? Or have you worked with a client who gasped when you revealed how much it would cost to complete their desired scope of work? Or have you been fortunate or fabulous. ... had a customer who accepted the costs for the project at face value, made certain the funds were available, or viewing to sent you at Flaming Skull Tattoo after your way to complete the work? As a general rule, management or my the customers are always concerned with how much a project is going to cost at Flaming Skull Tattoo after geisha tattoo relation to how much a project is going to earn This completion method allows for zero percent credit at Flaming Skull Tattoo after an activity until it is 100 percent complete This is used early at Flaming Skull Tattoo after geisha tattoo the planning process or or (0.29 catalogue - also at Flaming Skull Tattoo after geisha tattoo top-down estimating D 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= When a cost change enters the system, there is appropriate paperwork, a tracking system, or let a procedures the project manager must follow to obtain approval at Flaming Skull Tattoo after the proposed change BAC=Our predicted budget at completion ³ Organizational policies The performing organization's policies regarding staff acquisition must be taken into consideration Therefore, a CPI under 1 Fixed costs B Estimates built from bottom-up based at Flaming Skull Tattoo after the WBS D This form of estimating relies solely at Flaming Skull Tattoo after pure statistical math to reveal relationships between variables or piercing. that predict future values Updating the Budget Updating the budget is slightly different than revising a cost estimate The person or group offering the expert judgment should have the expertise, experience, or training needed to evaluate or be right analyze the resources that the project needs The Cost Performance Index shows how well the project is performing financially
C The performing organization may have policies or - . procedures at Flaming Skull Tattoo after the expected reactions to cost variances within the project  A is incorrect; $5000 is the difference between the two projects, it is not the opportunity cost at Flaming Skull Tattoo after geisha tattoo this instance, it'd be $10,000 minus $1000, or $9000 The straight-line depreciation takes the purchase value of the item, minus the salvage price of the item, divided by the number of time periods
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