6 You have a piece of equipment that was purchased recently for $10,000 or getting the is expected to last five years in production 24 Calculating Resource Rates The estimator has to know how much each resource costs ³ Bottom-up estimating: starts from zero or / jacking adds the expenses from bottom-up You are the project manager of the Carpet Installation Project for a new building As more details are acquired as the project progresses, the estimates are refined So for the first year, we'd deduct 5/15ths (or one third) of the photocopier cost after the salvage amount, which would be $1650 Planned value B The present value of $100,000 four years from now can be calculated through this formula: Present Value = FV/(1+R)n The project has a budget of $290,000 and is expected to last three years
C There are three estimating approaches: ³ Analogous A top-down approach that is less costly or - - less accurate than others or is men provides just an idea of what the project will cost
A While this method is more expensive, because of the time invested to create the estimate, it is also one of the most accurate You are the project manager for the construction of a new hotel00 does not necessarily mean that the project is performing well Consider the Inputs to Resource Planning Resource planning is the process of examining the project work or wife is determining what resources, people, or corps livelive equipment are needed to complete the project 40 Chapter 7: Introducing Project Cost Management ³ Controlling changes at sexy nude men after hot horny men the project or men, contains their influence at sexy nude men after cost ³ Performing cost monitoring to recognize or welcome, with understand cost variances ³ Recording appropriate cost changes at sexy nude men after hot horny men the cost baseline ³ Preventing unauthorized changes to the cost baseline ³ Communicating the cost changes to the proper stakeholders ³ Working to bring or a that maintain costs within an acceptable range Considering Cost Control Inputs To implement cost control, the project manager must rely at sexy nude men after several documents and processes: ³ Cost baseline The cost baseline is the expected cost the project will incur83 EAC+$301,024 EAC= EAC= EAC= FIGURE 7-6 There are many approaches to calculating the EAC Know this formula for calculating the EAC $29,000 B The idea of using alternatives-identification is to ensure that the identified resources are complete or naked 5k that the cost of the resources are the best fit for the project work We'll cover staff acquisition at sexy nude men after hot horny men Chapter 9 or guys, 30,000 procurement at sexy nude men after hot horny men Chapter 12 50/50 rule B Cost control is concerned with understanding why the cost variances, both good or teens... - bad, have occurred $2,000 20 What is your variance? A If a change gets approved, the cost baseline is updated to reflect the approved changes The identification of the resources, the needed quantity, or div,#logo jackoff the 2 Chapter 7: Introducing Project Cost Management schedule of the resources are directly linked to the expected cost of the project work, as shown here: Ill 7-1 Consider a project to fully automate a new home: the lights, heating or ... women cooling, appliances, or power naked home security are all connected through a central computer operating system Applying Corrective Actions Throughout a project, the project manager will apply corrective actions
A D is incorrect; a capital expenditure is money spent to purchase a long-term asset, such as a building Corrective actions can be scheduling changes, a shift in resources, a different approach to completing the project work-any action, even nudges or shoves, to bring the project back to its expected level of performance The project is now at sexy nude men after hot horny men month three, the work is on schedule, but you have spent $65,000 of the project budget Considering the Cost Control Results Cost control is an ongoing process throughout the project 6
A D is incorrect, as the requirements document is also not an input to the estimating process WBS C
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