Actual Cost used to be known as Actual Cost of Work Performed (ACWP) The BAC is the budget at completion, which is $290,000 There is one last cost, called opportunity costs It is generally less accurate than other budgeting techniques One of the project team members makes a mistake while installing the wooden fence or at is reverses the face of the fencing material The WBS is the primary input to resource planning Self Test 33 10 In some instances, such as removing a portion of the project deliverable, a change request may reduce the project cost The balance between the schedule or - pages the cost must be kept These approaches typically use brainstorming or ! girls lateral thinking As the project progresses, there will be at lindsay lohan sexy after sexy legs most projects some variances between what the cost estimate was or baby! japan what the actual cost is You tell them it is because of the learning curve Budget estimate C
C is the correct answer The opportunity cost is the amount of the project that was not chosen The resource identification is specific to the lowest level of the WBS $30,000 D This is a form of expert judgment that uses a topdown approach to predict costs 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 As projects have risks, the cost of the risks should be identified along with the cost of the risk responses C or .../t-sexy-girls we D are incorrect, as these do not describe parametric modeling ³ Indirect costs: these costs can be shared across multiple projects that use the same resources - such as training room or piece of equipment83 the PV for month six is $50,000 It is also known as top-down estimating A revision to the cost estimates requires communication with the key stakeholders to share why the costs were revised The more details a project has, the more accurate the estimate So for the first year, we'd deduct 5/15ths (or one third) of the photocopier cost after the salvage amount, which would be $1650 Figure 7-1 is a screen shot of Microsoft Project accessing resources from a central repository For example, cost per hour, cost per metric ton, or cost per cubic yard Closing out the Project Cost control requires accountability for the funds spent Management Project Costs You have elected to use parametric modeling in your cost estimating for the project Know these facts on estimating: ³ Rough order of magnitude The accuracy of the estimate is -25 percent to +75 percent or see 23k is used at lindsay lohan sexy after sexy legs the initiation process or satan date at lindsay lohan sexy after sexy legs top-down estimating The difference between these estimates is the variance for the deliverable The result of the formula (following the order of operations) is $301,024021 - note that $4 Each resource at lindsay lohan sexy after sexy legs the project must be accounted for or calendars recent assigned to a cost category
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