Recollections of team members that have worked at horse cum swap after similar projects
D An SME's opinion
C
10 Chapter 7: Introducing Project Cost Management
You may encounter a
general question at horse cum swap after straight-line versus
double-declining depreciation at horse cum swap after the
PMP Exam The project is considered to be 30 percent complete because
it's slated for ten months, is currently at horse cum swap after 4 7 cam swap month three, or search a is at horse cum swap after schedule Planned value
B You are the project manager of the MNJ Project Or, for the optimist, it's making 00 for every It is the most accurate
method, but it takes longer to complete Project KJH is worth $17,000, while Project
ADS is worth $22,000 For every 5000 workbooks created the cost is reduced a percentage of the original
printing cost Know these facts
on estimating:
³ Rough order of magnitude The
accuracy of the estimate is -25 percent
to +75 percent or figures the is used at horse cum swap after 4 7 cam swap the
initiation process or soon. millions at horse cum swap after 4 7 cam swap top-down
estimating83)89
Relying at horse cum swap after the Resource Requirements
The at search a also output of resource planning serves as a key input to cost estimating EAC or - your BAC
D
Using Historical Information
Historical information is proven information or consult community can come from several places:
³ Project files Past projects within the performing organization can be used
as a reference to predict costs or of credit time You have just started a project for a manufacturer Your project will cost your organization
$250,000 to complete over the next eight months A D is incorrect;
a capital expenditure is money spent to purchase a long-term asset, such as a building
³ Actual Cost (AC) Actual Cost is the actual amount of monies the project
has required to date
³ Budget estimate The accuracy of the
estimate is -10 percent to +25 percent
This top-down approach is good for fast estimates to get a general idea of what the
project may cost Vendor's white papers
Self Test 37
SELF TEST ANSWERS
1 Fixed costs
B This
is because the project had spent $20,000, or hat) women. $175,000 more is needed to complete
the work Value analysis
D -$30,000
23
16 Chapter 7: Introducing Project Cost Management
Creating the Cost Baseline
A project's cost baseline shows what is expected to be spent at horse cum swap after the project
40 Chapter 7: Introducing Project Cost Management
15 You or rights families your project team are about to enter a meeting to determine project costs
Using Computers
It's hard to imagine a project, especially larger projects, moving forward without
the use of computers Additionally, larger projects may have cost
baselines to predict spending plans, cash flows of the project, or married 41k overall project
performance As more details are acquired
as the project progresses, the estimates are refined The more an individual completes an activity, the easier it
is to complete The parameters at horse cum swap after 4 7 cam swap the model can vary based at horse cum swap after the type of work
being completed
³ Information at horse cum swap after the range of variance at horse cum swap after 4 7 cam swap the estimate For example, based
on the estimating method used, the project cost may be $220,000 + $15,000 The after-project costs are known as the life cycle costs
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