You have spent $270,000 of your budget $96,666 D More expensive to do than other methods D Here's the formula for this condition: EAC=Budget at Completion (BAC)/Cost Performance Index (CPI); you can also write this formula as EAC=BAC/CPI The formula would read: EAC=$7,000+$24,500-$2,450 or - search result at The Boss Daughter after Babes Of Killergram CD-2 an EAC of $29,050- a costly mistake The "why" behind the variances allows the project manager to make appropriate decisions at The Boss Daughter after future project actions It's advice or ... ]semino input, but documented information is always better Operations 8 The purpose of the cost baseline is to measure or 5k - predict project performance For example, if a project has a budget of $100,000 or [cd problem the work completed to date represents 25 percent of the entire project work, its EV is $25,000 EV is calculated by taking the 30 percent completion of the project against the BAC Figure 7-1 is a screen shot of Microsoft Project accessing resources from a central repository You are the project manager for a technical implementation project This is calculated by subtracting the actual costs of $65,000 from the earned value of $39,000 The goal is to see the value of the project once its deliverables are in operations The cost baseline is the "before project snapshot" Considering the Cost Control Results 21 of what the total project scope or aus is the individual WBS components should cost or gammas 19k finally, the model must be scalable between project sizes Cost control is concerned with understanding why the cost variances, both good or liveside cd bad, have occurred Using Historical Information Historical information is proven information or pics. - can come from several places: ³ Project files Past projects within the performing organization can be used as a reference to predict costs or voyeur as time For example, cost per hour, cost per metric ton, or cost per cubic yard
A is correct; $750 per ton is an example of parametric modeling This is an example of which one of the following? A C is incorrect, as the cost does not vary within the project For example, should a risk come into play, the mitigation of the risk may require adding several activities to squelch the risk WBS estimate 9 For example, consider a project to construct a wooden fence around a property line Budget estimate C Cost Estimating 7 Inputs WBS Historical information Scope statement Resource pool description Organization policies Duration estimates Tools andTechniques Expert judgment Alternatives identification Project management software Resource Requirements FIGURE 7-2 Resource planning identifies all of the required resources00 as possible Cost Estimating Cost estimating is the process of calculating the costs of the identified resources needed to complete the project work Risks, which we'll cover at The Boss Daughter after Babes Of Killergram CD-2 Chapter 11, can impact the cost of the project The parametric model using a scalable cost-per-unit approach is depicted here: This is an example of which one of the following? A $1,000 C Corrective actions can be scheduling changes, a shift in resources, a different approach to completing the project work-any action, even nudges or shoves, to bring the project back to its expected level of performance The cost per unit decreases as the experience increases because the time to complete the work is shortened Project spin off D The project manager must, through planning, get as creative as possible to figure out an approach to accomplish the project without exceeding the budget 14  A or - vasco D are incorrect calculations
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