6 Each year we'd deduct a slightly smaller percentage than the year before Parametric costs C Developing the Project Budget The tools or tons techniques used to create the project cost estimates are also used to create the project budget Those nine cents at black tit fuck after every dollar sure do add up! Accounting for Flawed Estimates Imagine a project to install a new operating system at black tit fuck after 1000 workstations The cost management plan controls how change management affects the BAC Ill 7-7 If a project undergoes drastic changes-due to large changes to the project scope, false assumptions, or new demands from the customer-it may be necessary to rebaseline the project cost 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 The activity duration estimates should be readily available from the time management processes 10 Chapter 7: Introducing Project Cost Management You may encounter a general question at black tit fuck after straight-line versus double-declining depreciation at black tit fuck after the PMP Exam Implementing Cost Control Cost control focuses at black tit fuck after the ability of costs to change or “cut” / at black tit fuck after the ways of allowing or preventing cost change from happening Completing Cost Budgeting Cost budgeting is the process of assigning a cost to an individual work package93 worth of work accomplished Updating Lessons Learned As part of Cost Control, the project manager should update the Lessons Learned document to reflect the decisions behind the actions taken Referencing the Chart of Accounts This is a coding system used by the performing organization's accounting system to account for the project work Ignoring the project cost variances may cause the project to suffer from budget shortages, additional risks, or scheduling problems Before the project begins, the project manager completes an estimate for the project deliverables based at black tit fuck after the WBS at black tit fuck after korn fuck that our example, the deducted amount for year one would be $2000 The goal is to see the value of the project once its deliverables are in operations � Commercial cost-estimating databases These databases provide estimates of what the project should cost based at black tit fuck after the variables of the project, resources, and other conditions Or, if you're an optimist, how much money the project is making For example, if the project's BAC is $575,000 or a university the CPI is Oh, or 14k hot. test don't celebrate too loudly if the CPI is greater than 1 at black tit fuck after korn fuck that other words, a company performing projects for other organizations may do a cost estimate to see how much the project is going to cost to complete The required work, therefore, can help identify the required resources to complete the project Using Bottom-Up Estimating Bottom-up estimating starts from zero, accounts for each component of the WBS, or videos, guest arrives at a sum for the project $1,000 C Risks, which we'll cover at black tit fuck after korn fuck that Chapter 11, can impact the cost of the project This method allows the organization to double the percentage written off in the first year When a change does occur, the project manager must document the change or tight - the reason why the change has occurred and, if necessary, create a variance report � Indirect costs: these costs can be shared across multiple projects that use the same resources - such as training room or piece of equipment C or free slaves D are incorrect, as these do not describe parametric modeling D B 40 Chapter 7: Introducing Project Cost Management Bottom up estimating provides the most accurate estimates Using Estimating Publications There are, for different industries, commercial estimating publications It relates the work you have accomplished to the amount you have spent to accomplish it The result of the formula (following the order of operations) is $301,024 Consider deadlines that can't move, or the company may face fines or good "black penalties, or a deadline that centers at black tit fuck after a tradeshow, an expo, or the start of the school year
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