1Day3ReviewCostManagementQualityManagement2CostCostEstimating•ScheduleActivities•Resources/Rates•Analogous•Parametric•Bottom-up•Reserveanalysis–Contingency–ManagementTop-down:basedonsimilarprojectsWBSFormula/Factor:HouseSqFootageForUnknownRiskForKnownRisk3CostCostBudgeting•CostBaseline(S-Curve)4CostCostControl•EarnedValueManagement–BAC–PV(BCWS)–EV(BCWP)–AC(ACWP)ProjectBudgetWorkPlannedWorkDoneActual5CostCostControl•EarnedValueFormulasCV=SV=CPI=SPI=EAC=ETC=VAC=EV-ACEAC-ACBAC-EACBAC/CPIEV/PVEV/ACEV-PV6CostOtherTopics:•PaybackPeriod•PresentValue•IRR(InternalRateofReturn)•DepreciationofCapital–StraightLine–Accelerated•DoubleDecliningBalance•Sum-of-the-years-digits7CostExam:Question17AsofthefourthmonthontheAcmeproject,cumulativeplannedexpenditureswere$100,000.Actualexpenditurestotaled$120,000.HowistheAcmeprojectdoing?a.Theprojectisaheadofscheduleb.Theprojectisintroublebecauseofacostoverrunc.Insufficientinformationisavailabled.Projectcostiswithinanormalrange8CostExam:Question17Foranearnedvaluereadingproblem,thefirstthingyoushoulddoiswritedownthekeyparameters.PVEVACThenattachthenumericvaluestotheproperparameter.PV=$100,000EV=?AC=$120,0009CostExam:Question17$100,000$120,000PlannedActualHowistheprojectdoing?WhereisEV?Howmuchworkhasbeendone?EV?EV?10CostExam:Question17AsofthefourthmonthontheAcmeproject,cumulativeplannedexpenditureswere$100,000.Actualexpenditurestotaled$120,000.HowistheAcmeprojectdoing?a.Theprojectisaheadofscheduleb.Theprojectisintroublebecauseofacostoverrunc.Insufficientinformationisavailabled.Projectcostarewithinanormalrange11CostExam:Question21Whichofthefollowingstatementsaboutmanagementreservearenottrue?a.Intendedtoreducethechanceofacostoverrunb.Maybeusedtofundworknotoriginallyauthorizedc.Maybeusedforunforeseenproblemsd.IsnotinthecostbaselineTrueTrue.Contingencyispartofthecostbaseline.True.UnknownRisk.False.UseIntegratedChangeControl.20CostExam:Question29Giventhefollowinginformation,whatistheexpectedoutcome?•Originalprojectbudgetw...
