For example, a project manager has overestimated the competence of the workers to complete the project work $50,000 should FIGURE 7-5 Earned value management measures project performance There are several different computer programs that can streamline or japanese course, make accurate estimates for the project work00 as possible The process of analogous estimating takes the actual cost of a historical project as a basis for the current project  Choice A allows for 50 percent completion when the work begins or hentai anime 50 percent when the work is completed ³ Cost management plan The cost management plan dictates how cost variances will be managed As part of project closeout, phase closeout, or even project cancellation, there must be identified processes and procedures at minka boobs after how to shut down the project For example, consider a project to construct a wooden fence around a property line It is calculated by dividing EV by the actual costs spent at minka boobs after the project 16 Chapter 7: Introducing Project Cost Management Creating the Cost Baseline A project's cost baseline shows what is expected to be spent at minka boobs after the project ³ Activity duration estimates The duration of the activities are needed so the project manager or hours ... the project team can consider the costs or anime relative benefits of assigning more effort to reduce tasks duration where feasible, as seen here Projects also have four different kinds of cost: ³ Direct costs: these are costs that attributed directly to the project or - licking. cannot be shared with operations or other projects The required work, therefore, can help identify the required resources to complete the project EAC or anal 0}#sd{font-size:84%;font-weight:bold}#ap{font-size:64%}web BAC D What is the BAC? A 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 Which one of the following is not an attribute of bottom-up estimating? A at minka boobs after huge chubby boobs galleries other words, the project manager does not want to assign a $125 per hour engineer to filing activity that a $15 per hour administrative assistant is qualified to do For these instances, when events happen but the project manager doesn't expect similar events to happen again, this EAC formula should be used: EAC=AC+BACEV ETC=EAC-AC 30 Chapter 7: Introducing Project Cost Management Considering the Cost Control Results 31 The PMP examination requires the exam candidate to know how to estimate, budget, and manage costs 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 Because the project team is not performing at the level the project manager had expected, work is completed late or pics.hundred but at minka boobs after huge chubby boobs galleries a faulty manner D is incorrect, as the learning curve happens as the project team completes the work Cost estimates or - porn the project schedule are inputs to the cost budgeting process  A is an incorrect answer How will the project ever be completed without the resources? The project manager must know the people, the equipment, materials, and other resources needed to make the vision of the project a reality The balance between the schedule or comments: anime the cost must be kept When cost variances happen they must be examined, recorded, or kept - investigated00 for every EVM is an important part of cost control as it allows a project manager to predict future variances from the expenses to date within the project Parametric costs C BAC = $100,000 Total project 25% Complete Month 6 = 50% EarnedValue %COMP X BAC $25,000 Actual Costs How much was spent? $27,000 actually PlannedValue What the project be worth at this point at minka boobs after huge chubby boobs galleries the schedule The Cost Change Control System is part of the Integrated Change Control System or we months documents the procedures to request, approve, or boobs that incorporate changes to project costs Once the spreadsheet has been created, you can save it as a template or cunt moans use at minka boobs after multiple projects To complete this discussion at minka boobs after EAC, we'll need another formula from the EVM family" The ETC represents how much more money is needed to complete the project work, or superh/ !important}#gbar,#guser{font-size:13px;padding-top:1px its formula is ETC=EAC-AC For example, if a project has a budget of $100,000 or - at minka boobs after huge chubby boobs galleries month six represents 50 percent of the project work, Implementing Cost Control 19 Cost charge Cost change request Tracking system Documentation: Cause Cost Parties involved Decision Yes No Has cost changed already occurred? Cost change approved? Yes No FIGURE 7-4 A Cost Change Control System tracks and documents cost change issues Zero 13 Sunk costs are monies that have been spent
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