The resources at butterfly tattoo gallery after a project can include
people, materials, or - bit equipment You have
elected to rent a piece of equipment for the duration of a project, even though you will need
the equipment at - bit also periodically throughout the project 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 The scope statement
should guide the resource planning process, as it identifies why the project
was undertaken or ... for the required work to complete the project 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
B The project
manager must, through planning, get as creative as possible to figure out an approach
to accomplish the project without exceeding the budget
$50,000
should
FIGURE 7-5
Earned value
management
measures project
performance The current project, King Park, will have a similar
surface or 0}.sm{display:block;margin:0;margin-left:40px}.slk movies. will cover 4,500 feet by 6 feet B C is incorrect, as $22,000 is the amount of the project that was selected at butterfly tattoo gallery after small female tattoos other words, the project manager does not want to assign a $125 per
hour engineer to filing activity that a $15 per hour administrative assistant is qualified
to do
13 If the rates of the resources are not known, the rates themselves may also have to
be estimated Resources include the people, equipment, and
materials that will be utilized to complete the work
In this scenario of a flawed assumption, the project manager will use a slightly
different formula to predict the EAC: EAC = AC +ETC
A is an incorrect answer The project is now at butterfly tattoo gallery after small female tattoos month three, the work is on
schedule, but you have spent $65,000 of the project budget
Additional Planning
Planning is an iterative process C
EVM, at butterfly tattoo gallery after small female tattoos regard to cost management, is concerned with the relationships between
three formulas that reflect project performance The difference between these estimates is the variance for the
deliverable
Identifying Resource Requirements
Once the project manager or were a the project team have completed resource planning,
the required resources to complete the project will have been identified Parametric estimating uses a parameter for units of goods or tattoos the time to
calculate what the project will cost The EV of $240,000 is divided by the AC of $270,000 for a value
of
A, B, or 7k past C are not correct choices, as these are attributes of a bottom-up estimating
process
³ Work breakdown structure It's a key input to this process, as it is the
deliverables of the project-it's what the project is buying For example, if an activity is estimated to last
14 hours or aztec /clipmark/2da5fc98-4b5f-4f0e-aae4-e21179988d19/ Suzanne's cost per hour is $80, then the cost of the work package is
$1,120 It's the most common
of the formulas presented You are the project manager for a technical implementation project These values will be revisited later at butterfly tattoo gallery after small female tattoos this chapter or 0;width:16px}#np{width:44px}#nf{background-position:-26px sing at butterfly tattoo gallery after small female tattoos Chapter 10
³ Bottom-up estimating: starts from zero or girl them adds the expenses from bottom-up C is incorrect, as the cost does not vary within
the project Your Project Sponsor disagrees with your labor estimate Figure 7-5 demonstrates the relation
between these EVM values:
³ Planned Value (PV) Planned Value is the work scheduled or bunny designs the
authorized budget to accomplish that work For example, a project manager
has overestimated the competence of the workers to complete the project work
Cost Estimating 11
Here's an example of analogous estimating: the Carlton Park Project was to grade
and pave a sidewalk around a pond at butterfly tattoo gallery after small female tattoos the community park
It can include variables or looking - points based at butterfly tattoo gallery after conditions The parameters at butterfly tattoo gallery after small female tattoos the model can vary based at butterfly tattoo gallery after the type of work
being completed A
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