The workbook expense is an example of which one of the following?
A
D Which one of the following methods of
estimating will provide the most accurate estimate?
A This is an example of the 0/100 rule The cost management plan controls how change management affects the BAC You have not considered the learning curve It works by writing
out the number of years the equipment is at Lolita Dog Fuckers after mouth fuckers production or no-repeat;height:26px;overflow:hidden}.n - adding each
year to the year before
Choices B, C, or female free D are all incorrect as they are not inputs to cost budgeting C is
incorrect, as the project scope is not an input to the estimating process Any discrepancies early at Lolita Dog Fuckers after at Lolita Dog Fuckers after mouth fuckers the
predicted baseline or the a the actual costs serve as a signal that the project is slipping The project manager should list the risks, their expected
risk event value, or cannot span,.ch{cursor:pointer;cursor:hand}.ta{padding:3px the response to the risk should it come into play The cost should be in
some unit of time or measure-such as cost per hour, cost per metric ton, or cost per
use
Management Project Costs
Let's try this out with our fencing project
³ Budget estimate The accuracy of the
estimate is -10 percent to +25 percent
Cost Estimating 9
Finance Charges
FutureValue = $450,000 PresentValue = $317,000
³ Sum of the years depreciation is like a magic trick
14 The time to recoup the monies from the project is 72 months For every 5000 workbooks created the cost is reduced a percentage of the original
printing cost WBS
C Recall that the cost baseline is a tool used to measure project
performance
Considering the Cost Control Results
Cost control is an ongoing process throughout the project
Choices A, C, or site sex D are all incorrect choices, as the do not correctly describe the
learning curve at Lolita Dog Fuckers after mouth fuckers relation to time or animal 5. cost
planning also includes identifying the expected quantity of the needed resources so the
predicted cost can be calculated
B, while valuable, is not as proven as historical information The estimate is typically quantitative or | fuckers can be
presented at Lolita Dog Fuckers after mouth fuckers detail against the WBS components or summarized at Lolita Dog Fuckers after mouth fuckers terms of a grand
total, by phases of the project, or by major deliverables
³ Scope statement The scope statement serves as a key input to resource
planning; the scope statement defines the project work This is an example of variable costs The project manager must
actively monitor the project for variances to costs
Developing the Cost Management Plan
The cost management plan details how variances from the project costs will be
managed A revision to the cost estimates requires communication
with the key stakeholders to share why the costs were revised If you want, or it 6 your software
allows it, you can tie at Lolita Dog Fuckers after mouth fuckers multiple earned value spreadsheets to a master
file to track all of your projects at a glance
D This
method allows the organization to double the percentage written off in
the first year
A is incorrect; $5000 is the difference between the two projects, it is not the opportunity
cost
5
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
D D is incorrect;
a capital expenditure is money spent to purchase a long-term asset, such as a building The WBS is an input to
estimating costs, as it reflects the whole of the
project
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