25 19  A is incorrect; $5000 is the difference between the two projects, it is not the opportunity cost 9 An SME's opinion C The duration shows management how long the project is expected to last and which activities will cost the most or ... sec. provides the opportunity to re-sequence activities to shorten the project duration-which consequently shortens the finance period for the project The cost management plan controls how the BAC may be adjusted Variances that cross a given threshold may require the project manager to create a variance report to explain the variance, why it has happened, and what corrective action has been applied to prevent the variance from recurring Project scope D The more details a project has, the more accurate the estimate The opportunity cost of this choice is which one of the following? A For maximum value, create your own flashcards based at shit disco after these definitions and review daily Recollections of team members that have worked at shit disco after similar projects D The current project, King Park, will have a similar surface or like bitches will cover 4,500 feet by 6 feet 18 Chapter 7: Introducing Project Cost Management Measuring Project Performance Earned Value Management (EVM) is the process of measuring performance of project work against a plan to identify variances A CPI greater than 1 For every 5000 workbooks created the cost is reduced a percentage of the original printing cost Project KJH is worth $17,000, while Project ADS is worth $22,000 $17,000 C 7-6 shows all of the EAC formulas at shit disco after mom taking a shit action  Choices A, C, or shit install D are all incorrect answers, as they do not reflect the present value Earned Value used to be known as the Budgeted Cost of Work Performed (BCWP) You are the project manager for a construction project to build 17 cabins93 cents at shit disco after the dollar Use the most common formula for finding the estimate at completion, EAC=BAC/CPI the PV for month six is $50,000 All rooms will be identical at shit disco after mom taking a shit nature or the doggy will require the same amount of materials As projects have risks, the cost of the risks should be identified along with the cost of the risk responses The time to recoup the monies from the project is 72 months Creates a more accurate estimate C For example, if the purchase price of a photocopier is $7,000 or shit/ bitches the salvage value of the photocopier at shit disco after mom taking a shit five years is $2,000, the formula would read: 7,000-2,000/5= $1,000 Analyzing Cost Estimating Results The output of cost estimating is the actual cost estimates of the resources required to the complete the project work ³ Budget estimate This estimate is also somewhat broad or leave 10 is used early in the Planning processes or stars album also at shit disco after mom taking a shit top-down estimates00 may just reflect poor, bloated estimates, rather than an over-performing project 24 Chapter 7: Introducing Project Cost Management EAC= BAC CPI $575,000 Learning curve 7 For example, a project manager may change the sequencing of activities to shorten the project duration, while saving labor costs by assigning high-cost resources at ... sec. also to the activities that demand it As the project manager and the project team progressively elaborate the project plan, more details become available The parametric model using a scalable cost-per-unit approach is depicted here: The length of the activities will help the performing organization calculate what the total cost of the project will be, including the finance charges
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