The fact of the matter is, a project with this CPI value is likely to
be over budget because for every dollar spent seven cents evaporates The straight-line depreciation takes the purchase value of the item, minus the salvage
price of the item, divided by the number of time periods Scope creep
C The balance
between the schedule or rear boots the cost must be kept00 for every
³ Bottom-up estimating: starts from zero or - solid adds the expenses from bottom-up As more details are acquired
as the project progresses, the estimates are refined You are the project manager for the Hardware Inventory Project As the project manager
and the project team progressively elaborate
the project plan, more details become
available
This project cost may be as low as $205,000 or as high as $235,000
D The activities the resources complete must be worthy of the
resource's time
Choices B or dog booties C are incorrect, though tempting, because the do not describe the process
of calculating the ongoing expenses of the product the project is creating C
Considering the Cost Control Results 25
Monies that have been
spent at gogo boots after a project are called sunk costs The contract for the project is set at a fixed cost, the incentive
being the faster the project work is completed, the more the profitable the job You are the project manager for a technical implementation project Project scope
D
B The estimate is typically quantitative or use boot, can be
presented at gogo boots after harley davidson highway strap boots detail against the WBS components or summarized at gogo boots after harley davidson highway strap boots terms of a grand
total, by phases of the project, or by major deliverables93 worth of work
accomplished The project
manager studies the cost changes to understand why the change has happened
and then makes corrective actions to the project if needed The BAC is the budget at completion, which is $290,00000 may
just reflect poor, bloated estimates, rather than an over-performing project For example, if a project has
a budget of $100,000 or are vests the work completed to date represents 25 percent
of the entire project work, its EV is $25,000 What is your variance?
A While
there are many different project management applications available, the ability to
easily use or home resource update the information an application stores is critical Categories include the following:
³ Labor costs
³ Material costs
Analyzing Cost Estimating Results 13
Don't worry too much
about regression analysis for the exam You have not considered the learning curve Before you begin the cost
budgeting process, what is needed?
A The scope statement
should guide the resource planning process, as it identifies why the project
was undertaken or 1 your the required work to complete the project WBS
C It is the most accurate
method, but it takes longer to complete93 means you are spending 1
INSIDE THE EXAM INSIDE THE EXAM
SELF TEST
1
Refining the Cost Estimates
Cost estimates can also pass through progress elaboration at gogo boots after harley davidson highway strap boots 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 $64,999
22 The customer has
requested that you factor at gogo boots after harley davidson highway strap boots the after-the-project costs, such as maintenance or ... dog service91, the EAC for
this project is $631,868
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