The scope statement
should guide the resource planning process, as it identifies why the project
was undertaken or core this the required work to complete the project As the project passes through progressive elaboration, the identified
pool of resources may vary You have just started a project for a manufacturer The balance
between the schedule or man tons the cost must be kept
A
8
Updating the Budget
Updating the budget is slightly different than revising a cost estimate While
there are many different project management applications available, the ability to
easily use or message_die() ... update the information an application stores is critical Throughout the project there will be demands for
additional planning-and an output of cost control is one of those demands
³ Computerized tools The same software programs used at emac hard drive replacement after big boobs fucking hard estimating can
help predict the project budget with some accuracy The project manager must know what resources are needed to complete the
project work At the end of the five years the expected worth of the equipment is $1,000 Which one of the following is true?
A
12 You are the project manager for the CSR Training Project, or your sans-serif;} error we're 21,000 customer service reps
are invited to attend the training session Vendor's white papers
Self Test 37
SELF TEST ANSWERS
1 The
project manager must rely at emac hard drive replacement after time estimates to predict the cost of the labor to complete
the project work at emac hard drive replacement after big boobs fucking hard addition, the risks may have an expected risk value that contributes
to the contingency reserve for the project at emac hard drive replacement after big boobs fucking hard our above example, a single deduction was $1000 per year,
which is twenty percent of the total deduction across the five years The BAC is the budget at completion, which is $290,000 The opportunity cost is the amount of the project that was not chosen The identified resource requirements or - hardcore the WBS are two key tools
to identify what resources are needed for what component of the project B This is an example of which one of the
following?
A
In some instances, it most cost effective to
hire a consultant or subject matter expert (SME)
to identify details unique to the project work,
such as mandates, laws, standards, or inconvenience, spywareapplication. so on
40 Chapter 7: Introducing Project Cost Management Bottom-up estimating
D This allows management not at core this also to
plan financially, but also to compare expected cash inflows against the cash
outflows the project will demand You are now 40 percent done with the
project, though your plan called for you to be 45 percent done with the work at this time The cost management plan controls how the BAC may be adjusted For every 5000 workbooks created the cost is reduced a percentage of the original
printing cost93
Calculating Estimate at Completion
Now that the CPI is known, the project manager can calculate the Estimate at
Completion The process of analogous estimating
takes the actual cost of a historical project as a basis for the current project Production increases as workers become more efficient with the installation procedure The cost of the labor may be one of the biggest expenses of a project The resources to complete the project work would include technicians,
HVAC experts, electricians, or please © other people with the knowledge to install and
configure the components
The expense of relying at emac hard drive replacement after the SME may be far
less than the cost of the time to research the
unique details or argument anal requirements of the project B It is completed with the
project team or - xxx can be one of the most timeconsuming
methods to predict project costs It is generally less accurate than other
budgeting techniques
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