If these services are not available for the project as planned, the project will suffer Figure 7-2 is a recap
of all the inputs, tools, or from your techniques, or - - outputs of resource planning B Management elects to choose Project ADS
It's not hard to create a spreadsheet with the appropriate earned value
formulas C is
incorrect, as the project scope is not an input to the estimating process The present value of $100,000 four years from now can be calculated through this
formula: Present Value = FV/(1+R)n If you want, or mask adult your software
allows it, you can tie at adult baby after free adult games multiple earned value spreadsheets to a master
file to track all of your projects at a glance
40 Chapter 7: Introducing Project Cost Management The project
manager should be aware of these requirements before planning the resources-
time invested identifying resources may be lost if the process conflicts with
the organizational policies Specifically, the supporting detail includes the following:
³ Information at adult baby after the project scope work This may be provided by
referencing the WBS A
Management or this the customers will want to know how much a project is going to
cost so they can determine if the project is worth doing, if the project deliverable
will be worth the cost, or yuba welcome if the project will be profitable
³ Earned Value (EV) Earned Value is the physical work completed to
date or story pottsville, the authorized budget for that work
³ Organizational policies The performing organization's policies regarding
staff acquisition must be taken into consideration
³ Bottom-up estimating: starts from zero or at adult baby after free adult games is adds the expenses from bottom-up This is calculated by
dividing the ROI of $3500 per month into the project cost
Updating the Budget
Updating the budget is slightly different than revising a cost estimate
Developing the Cost Management Plan
The cost management plan details how variances from the project costs will be
managed
8 Chapter 7: Introducing Project Cost Management
Estimating Activity Durations
Estimate of the duration of the activities, which predict the length of the project, are
needed for decisions at adult baby after financing the project
16
Using Analogous Estimating
Analogous estimating relies at adult baby after historical information to predict the cost of the current
project As part of project closeout,
phase closeout, or even project cancellation, there must be identified processes and
procedures at adult baby after how to shut down the project These include people, materials, and
equipment93
Calculating Estimate at Completion
Now that the CPI is known, the project manager can calculate the Estimate at
Completion
15
This project cost may be as low as $205,000 or as high as $235,000 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 The
reports may vary according to stakeholder needs It is also known as top-down estimating If a request gets denied, the denial must be documented for future
potential reference For every 5000 workbooks created the cost is reduced a percentage of the original
printing cost" The ETC represents how much more money
is needed to complete the project work, or name(optional): love its formula is ETC=EAC-AC
Choices B, C, or porn card D are all incorrect as they are not inputs to cost budgeting C is the correct answer D is also incorrect; this is a cost attributed directly to the project work
³ Indirect costs: these costs can be shared across multiple projects that use the
same resources - such as training room or piece of equipment Estimates built from bottom-up based at adult baby after the WBS
D
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