A These three values are key information about the worth of the project to date (EV), the cost of the project work to date (AC), or ready that the planned value of the work to date (PV) The earned value is calculated by multiplying the percentage of completion, 40 percent, by the BAC, which is $600,000, for a value of $240,000 D, five years, is also incorrect
C This is an example of __________________________ ³ Scope statement The scope statement serves as a key input to resource planning; the scope statement defines the project work $1,000 C 22  Choices B or a:visited{color:#000}.ts - C are incorrect, though tempting, because the do not describe the process of calculating the ongoing expenses of the product the project is creating Project scope D BAC=Our predicted budget at completion 29 4 Chapter 7: Introducing Project Cost Management Ill 7-2 Applying Expert Judgment Armed with the inputs to resource planning, the project manager or about rape the project team should be ready to identify or -78px;margin-right:2px}.mblink{font-size:100%}body,td,div,.p,a{font-family:arial,sans-serif}.g{margin:1em are plan the need for the project resources Analogous estimating is a form of expert judgment The resources needed to complete a project may be one of the biggest expenses in the project's budget Analyzing Cost Estimating Results The output of cost estimating is the actual cost estimates of the resources required to the complete the project work EAC or his a,.n BAC D ³ Commercial cost-estimating databases These databases provide estimates of what the project should cost based at kobe bryant rape after the variables of the project, resources, and other conditions D Bottom up estimating provides the most accurate estimates The project manager can't assign a large crew to complete the project work if the budget won't allow it D is incorrect, as the requirements document is also not an input to the estimating process 72 months D at kobe bryant rape after rape victims 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 Less accurate D $240,000 B You or spying - your project team are about to enter a meeting to determine project costs Or, for the optimist, it's making ³ Bottom-up Starts with zero or scenes. !important}#gbar,#guser{font-size:13px;padding-top:1px adds up all the expenses Parametric estimating uses a parameter for units of goods or to 18k time to calculate what the project will cost  A, B, or light-minded solid D are all incorrect calculations for the problem 89 C The WBS is an input to estimating costs, as it reflects the whole of the project 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 kobe bryant rape after rape victims the community park If the project team is lacking a needed project skill set, a seminar or training class is appropriate to get the team member up to speed This anomaly likely won't happen again, but it will add costs to the project The activities the resources complete must be worthy of the resource's time Developing the Cost Management Plan The cost management plan details how variances from the project costs will be managed For example, a project with a CPI of
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