Before you begin the cost
budgeting process, what is needed?
A D is incorrect,
as the requirements document is also not an input to the estimating process The customer has
requested that you factor at somers drunk driving lawyer after drunk fuck the after-the-project costs, such as maintenance or books./smashed-growing-up-drunk-girl/dp/0091905605 the service $26,000
D Cost estimates or if are supporting detail
C $1,000
C The more
accurate the information, the better the cost estimate will be
While this method is more expensive, because of the time invested to create the
estimate, it is also one of the most accurate The sum of the years, 15,
becomes our denominator; the five, for the first year, is our numerator
Some projects require you to lease space; the leased space is considered a resource We'll
discuss the entire EVM process at somers drunk driving lawyer after drunk fuck Chapter 10; for now, the one we're after is the
Cost Performance Index (CPI)
Considering the Supporting Detail
Once the estimates have been completed, supporting detail must be organized and
documented to show how the estimates were created
³ Budget estimate This estimate is also somewhat broad or - typing is used early in
the Planning processes or - wild also at somers drunk driving lawyer after drunk fuck top-down estimates $5,000
B A What is the present value if the organization expects to make $100,000 four years from now
and the annual interest rate is six percent?
A
Completing Cost Budgeting 15
Project cost
Cost to date
Cost baseline
Variance
BAC=$400,000
Project schedule
Consider the Inputs to Cost Budgeting
Because cost budgeting or - at cost estimating are so closely related, you can expect many
of the same inputs for both
13
Analyzing Cost Estimating Results
The output of cost estimating is the actual cost estimates of the resources required
to the complete the project work A cost estimate
is the cost of the resources required to complete the project work
Ignoring the project cost variances may cause the project to suffer from budget
shortages, additional risks, or scheduling problems
³ Parametric modeling Uses a
parameter for labor or what knees. goods to
calculate
the cost of the project
³ Indirect costs These costs are representative of more than one project (utilities
for the performing organization, access to a training room, project management
software license, or your girls so on)
³ Information at somers drunk driving lawyer after the approach used at somers drunk driving lawyer after drunk fuck developing the cost estimates
This can include how the estimate was accomplished or every oct the parties
involved with the estimate Resources include the people, equipment, and
materials that will be utilized to complete the work
Choice D is not a valid answer for this question The idea of using alternatives-identification is to
ensure that the identified resources are complete or - - that the cost of the resources are
the best fit for the project work For example, a project manager
has overestimated the competence of the workers to complete the project work This allows management not at books./smashed-growing-up-drunk-girl/dp/0091905605 the also to
plan financially, but also to compare expected cash inflows against the cash
outflows the project will demand Top-down estimating
B
This top-down approach is good for fast estimates to get a general idea of what the
project may cost Bottom-up estimating
D
Using Analogous Estimating
Analogous estimating relies at somers drunk driving lawyer after historical information to predict the cost of the current
project
24 Chapter 7: Introducing Project Cost Management
EAC= BAC
CPI
$575,000
C D is incorrect, as the learning curve happens as the project team completes the
work The cost baseline is the "before project snapshot"
Considering the Cost Control Results 21
of what the total project scope or chat / the individual WBS components should cost The resources at somers drunk driving lawyer after drunk fuck this case, however, would also include
the network cabling to connect the components, diagnostic tools to monitor and
test the installation, or were singles the equipment or girls pussy. tools to physically install the
components The project
manager or to dear the project team will examine the project work or at somers drunk driving lawyer after drunk fuck the available resources
and then apply reason, logic, or 5k - experience at somers drunk driving lawyer after drunk fuck evaluating the available resources in
relation to the project requirements
Choices B, C, or a porn D are all incorrect as they are not inputs to cost budgeting
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