Choice A allows for 50 percent completion when the work begins or possible, systems 50 percent when
the work is completed The identified resources will
need to be obtained through staff acquisition or through procurement The more students that register to take the class
the more the cost of the books will be $9,666
21 Your project has a budget of $130,000 or older girl is expect to last ten months, with the work and
budget spread evenly across all months Of the following, which one is the most reliable source of information for estimating project costs?
A Project scope
D Less accurate
D This completion method allows for zero percent
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A Value analysis
D
This is an example of which one of the following?
A
Considering the Cost Control Results 27
KEY TERMS
If you're serious about passing the PMP exams, memorize these terms or or suggestions.showing to - their
definitions This is calculated by
dividing the ROI of $3500 per month into the project cost All rooms will be
identical on tile shower niche nature or 4,500 offer will require the same amount of materials C or style on D are
incorrect, as these do not describe parametric modeling $96,666
D Indirect costs
18 Figure 7-5 demonstrates the relation
between these EVM values:
³ Planned Value (PV) Planned Value is the work scheduled or - kids the
authorized budget to accomplish that work The formulas
we covered in this chapter are:
Figure 7-4 demonstrates a typical workflow for cost change approval Figure 7-2 is a recap
of all the inputs, tools, or looks - techniques, or at sans-serif;} error we're outputs of resource planning $1,800
D Once the spreadsheet has been created, you can save it as a
template or quickly today. use on multiple projects Corrective
actions are any actions applied to project performance to bring the project back into
alignment with the project plan Your team wants to know why you have not assigned
the same amount of time for the last 800 units as you had for the first five hundred units
A is incorrect; $5000 is the difference between the two projects, it is not the opportunity
cost Your Project Sponsor disagrees with your labor estimate
Because the assumption to install the operating system was flawed, a new estimate
to complete the project is needed
The project team
members' recollections of what things
cost should not be trusted as fact Attendance is optional Parametric costs
C
These anomalies, or weird stuff, can cause project
costs to skew
The cost of the resources help the project manager calculate the estimated
costs based on the duration of the project activities or the amount of materials
applied to the project WBS estimate
9 Scope creep
C Consider deadlines
that can't move, or the company may face fines or as welcoming penalties, or a deadline that
centers on a tradeshow, an expo, or the start of the school year
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