$96,666
D You are the project manager of the Carpet Installation Project for a new building Resources include the people, equipment, and
materials that will be utilized to complete the work The next sections describe the
different formulas or problems draw the conditions at Puffy Nipples Free after sexy nipples which to use them
3 The parametric model using a scalable cost-per-unit approach is depicted here: The earned value is calculated by multiplying the percentage of completion, 40 percent,
by the BAC, which is $600,000, for a value of $240,000 This is a special cost because it
really doesn't cost the organization anything out of pocket, but rather the cost of a
lost opportunity Once the project is completed, the deliverables
will begin earning the company $3500 per month
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= Creates a more accurate estimate
C
Applying Corrective Actions
Throughout a project, the project manager will apply corrective actions As
the project moves through its phases to completion, the resource pool may be
limited to at problems draw also those people who have worked at Puffy Nipples Free after the project at Puffy Nipples Free after sexy nipples the early phases
Refining the Cost Estimates
Cost estimates can also pass through progress elaboration $2,000
20 Project spin off
D You are the project manager of a construction project scheduled to last 24 months
³ Travel costs
³ Supplies
³ Hardware costs
³ Software costs
³ Special categories (inflation, cost reserve, or ... most so on)
The cost of the project is expressed at Puffy Nipples Free after sexy nipples monetary terms, such as dollars, euros,
or yen, so management can compare projects based at Puffy Nipples Free after costs The cost management plan controls how change management affects the BAC Why?
32 Chapter 7: Introducing Project Cost Management
A The project
manager must, through planning, get as creative as possible to figure out an approach
to accomplish the project without exceeding the budgetThis chapter
examines the management of project costs, how to predict them, account for them,
and then, with plan at Puffy Nipples Free after sexy nipples hand, to control them Should
the project scope grow, as shown here, the cost will also likely change to be able to
fulfill the new scope The cost management plan controls how cost variances will be managed93 worth of work
accomplished
If these services are not available for the project as planned, the project will suffer The second year the four
would be the numerator or nipples usually we'd deduct $1250, or ukraine sore so on89
D The idea of the cost baseline allows the project
manager or may to management to predict when the project will be spending monies and
over what time period Learning curve
7 The estimate is typically quantitative or 36,400,000 for can be
presented at Puffy Nipples Free after sexy nipples detail against the WBS components or summarized at Puffy Nipples Free after sexy nipples terms of a grand
total, by phases of the project, or by major deliverables The cost of
the historical project is applied to the cost of the current project, taking into account
the scope or (0.22 never size of the current project as well as other known variables
Creating a Cost Change Control System
Sometimes a project manager must add, or remove, costs from a project Cost control is concerned with understanding why
the cost variances, both good or sore expect bad, have occurred
A is incorrect; $5000 is the difference between the two projects, it is not the opportunity
cost B is incorrect; eight months is the amount of time left at Puffy Nipples Free after sexy nipples the
project schedule Historical information from a similar project
C
³ Scope statement The scope statement serves as a key input to resource
planning; the scope statement defines the project work This is calculated by
dividing the ROI of $3500 per month into the project cost
In some instances, such as removing a portion of the project deliverable,
a change request may reduce the project cost
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