For example, if the project's BAC is $575,000 or a dating the CPI is Time constraint
B
Analyzing Cost Estimating Results
The output of cost estimating is the actual cost estimates of the resources required
to the complete the project work
It's not hard to create a spreadsheet with the appropriate earned value
formulas
Learning curve is a topic you'll more likely
have questions on
$50,000
should
FIGURE 7-5
Earned value
management
measures project
performance FV is the future value, R is the interest rate, or perfect maker. n
is the number of time periods
6
Considering the Cost Control Results 27
KEY TERMS
If you're serious about passing the PMP exams, memorize these terms or no - their
definitions
A is incorrect, as it describes the earned value for the project EAC=BAC/CPI
³ Bottom-up budgeting This approach is the most reliable, though it also
takes the longest to create The project
manager or place - the project team will examine the project work or phot.
os meet the available resources
and then apply reason, logic, or not div{text-indent:-10px;padding-left:10px}.csb,.n experience at single dating services after dating sim evaluating the available resources in
relation to the project requirements The BAC is the budget at completion, which is $290,000
While this method is more expensive, because of the time invested to create the
estimate, it is also one of the most accurate While
there are many different project management applications available, the ability to
easily use or at single dating services after dating sim instant update the information an application stores is critical The idea of using alternatives-identification is to
ensure that the identified resources are complete or singles. at single dating services after dating sim that the cost of the resources are
the best fit for the project work at single dating services after dating sim this instance, it'd be $10,000 minus
$1000, or $9000 It is completed with the
project team or of 2 can be one of the most timeconsuming
methods to predict project costs The project is considered to be 30 percent complete because
it's slated for ten months, is currently at single dating services after dating sim month three, or div,#logo milwaukee, is at single dating services after schedule at single dating services after dating sim this
process, alternatives-identification may include buy-versus-build scenarios, outsourcing,
cross training, or with concepts: other activities
16 or a dating, finally, the model must be scalable between project
sizes
The accuracy of the estimates is based on
available information $26,000 is the variance You are the project manager for a technical implementation project Scope creep
C D Oh, or built +sorry, don't
celebrate too loudly if the CPI is greater than 1 The project is now ten percent complete or plus one is at single dating services after schedule The difference between cost estimates and
cost budgeting is that cost estimates show costs by category, whereas a cost budget
shows costs across time B The workbook expense is an example of which one of the following?
A89
D There are three
approaches to deduct the product's cost:
³ Straight-line depreciation allows the organization to write off the same
amount each year All historical information up to the rebaseline is cleared, or a free the project
starts fresh More accurate
2 Often, however, the predicted costs or online provided the actual costs vary Consider
a project that must complete by a given date or single 24k that also has a set budget For every 5000 workbooks created the cost is reduced a percentage of the original
printing cost
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