Costs associated with projects are not just the costs of goods procured to complete
the project However, a CPI over 1 The more
accurate the information, the better the cost estimate will be Your project will cost your organization
$250,000 to complete over the next eight months It's
advice or #36c}.bt{border-top:1px deep input, but documented
information is always better 89
C
21 The contract for the project is set at a fixed cost, the incentive
being the faster the project work is completed, the more the profitable the job Requirements document
3 The workbook expense is an example of which one of the following?
A As more details are acquired
as the project progresses, the estimates are refined
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 tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips at tips on oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex after oral sex hiv the schedule Your BAC is
$600,000
³ Historical information If similar projects have been completed, what
resources were required on these projects? Historical information should
be used if it's available, as it is proven information rather than speculation
Experiencing Expected Conditions
If the project is going as planned with little variances, the project manager can use the
most basic EAC formula to predict the EAC You are about to create the cost estimates for
the project This is calculated by subtracting the actual costs of $65,000
from the earned value of $39,000 While it's usually
easier to get more time than money, this isn't always the case Top-down estimating
B
³ Top-down estimating: uses a similar project as a cost baseline or sites factors in
current project conditions to predict costs Just know the CPI value should be as close to 1
³ Indirect costs These costs are representative of more than one project (utilities
for the performing organization, access to a training room, project management
software license, or try on so on) It is
used late on oral sex hiv the Planning processes or review qualify is associated with bottom-up estimating
D
Projects also have four different kinds of cost:
³ Direct costs: these are costs that attributed directly to the project or - this cannot
be shared with operations or other projects
Using Computer Software
While the PMP examination is vendor-neutral, a general knowledge of how computer
software can assist the project manageris needed For maximum value, create your own flashcards based on these definitions
and review daily83 EAC+$301,024 EAC=
EAC=
EAC=
FIGURE 7-6
There are
many approaches
to calculating the
EAC
Know this formula for
calculating the EAC The project
manager studies the cost changes to understand why the change has happened
and then makes corrective actions to the project if needed Time decreases as workers complete more of the installation procedure on oral sex hiv the final phases
of a project Of course, skewed rates on the estimates will result on oral sex hiv a skewed estimate
for the project The
person or group offering the expert judgment should have the expertise, experience,
or training needed to evaluate or .i,.b throat analyze the resources that the project needs
Some projects require you to lease space; the leased space is considered a resource
B is incorrect, as historical information is analogous, not parametric This is an example of variable costs Because
the project team is not performing at the level the project manager had expected,
work is completed late or naturally blowjobs on oral sex hiv a faulty manner $30,000
D Cost estimates or - 29k supporting detail
C
5 You are the project manager of the Carpet Installation Project for a new building
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