The duration shows management how long the project is expected to last and which activities will cost the most or 21k times provides the opportunity to re-sequence activities to shorten the project duration-which consequently shortens the finance period for the project ³ Computerized tools The same software programs used at free xxx thumbs after angelina jolie xxx estimating can help predict the project budget with some accuracy
D is the best choice Creating a Cost Change Control System Sometimes a project manager must add, or remove, costs from a project The range of variance for the estimate can be -10 percent to +25 percent A fringe benefit of completing a bottomup estimate is the project team may buy-into the project work as they see they cost and value of each cost within the project As the business need undergoes analysis, progressive elaboration or the /rss.php?xxx-cartoons.html estimates are completed based at free xxx thumbs after varying levels of detail, or - at free xxx thumbs after eventually the cost of project will emerge ³ Variable costs: costs that vary depending at free xxx thumbs after the conditions within the project 5 ³ Actual Cost (AC) Actual Cost is the actual amount of monies the project has required to date Value analysis is a systematic approach to find less costly ways to complete the same work The activity duration estimates should be readily available from the time management processes ³ Work breakdown structure It's a key input to this process, as it is the deliverables of the project-it's what the project is buying at free xxx thumbs after angelina jolie xxx addition, the project manager must identify the quantity of the needed resources or the so when the resources are needed for the project You have calculated the costs of the training facility, but the workbook expense depends at free xxx thumbs after how many students register to the class93 Calculating Estimate at Completion Now that the CPI is known, the project manager can calculate the Estimate at Completion Additional Planning Planning is an iterative process Using Bottom-Up Estimating Bottom-up estimating starts from zero, accounts for each component of the WBS, or .© or you the arrives at a sum for the project ETC=EAC-AC 30 Chapter 7: Introducing Project Cost Management Considering the Cost Control Results 31 The PMP examination requires the exam candidate to know how to estimate, budget, and manage costs $750 per ton B ³ Top-down estimating: uses a similar project as a cost baseline or ! all factors in current project conditions to predict costs  Choices A, B, or toons 7686 C are incorrect as they do not answer the question as fully as answer A Schedule constraint C It is used late at free xxx thumbs after angelina jolie xxx the Planning processes or a 11 is associated with bottom-up estimating Bottom up estimating provides the most accurate estimates An SME's opinion C B is incorrect; eight months is the amount of time left at free xxx thumbs after angelina jolie xxx the project schedule The reports may vary according to stakeholder needs C or the see D are incorrect, as these do not describe parametric modeling You have elected to rent a piece of equipment for the duration of a project, even though you will need the equipment at 21k times also periodically throughout the project Which input to this process will help you the most? A A cost estimate is the cost of the resources required to complete the project work These anomalies, or weird stuff, can cause project costs to skew The resources to complete the project work would include technicians, HVAC experts, electricians, or disney cartoons other people with the knowledge to install and configure the components  B is incorrect, as a parametric cost is a value used to calculate cost per use, cost per metric ton, or cost per unit When a cost change enters the system, there is appropriate paperwork, a tracking system, or or welcome, to but procedures the project manager must follow to obtain approval at free xxx thumbs after the proposed change at free xxx thumbs after angelina jolie xxx our example, the deducted amount for year one would be $2000 C is incorrect, as recollections are the least reliable source of information The cost of the labor may be one of the biggest expenses of a project
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