Inputs
This Includes cost baseline, project management plan. And work performance. This is an example of?
Control cost Inputs examples
weekly project status updates posted to all stakeholders and sponsors
Project management plan updates
Earned value management
Measure the success of a project due to actions
The value of the work that should have been completed at a specific point in time, except any work started ahead of schedule.
Planned Value (PV)
the difference between the actual cost incurred and the planned/budgeted cost at a given time on a project.
Cost Variance.
There are two types of requirements. Total funding requirements and project requirements This is an example of?
Project Funding Managing requirements
project budget is $350,000, a project manager may study spending costs and forecast the project to stay under budget by $100,000.
Cost forecast
Forecasting
estimates the future project performances
The cost of the work that has been completed at a specific point in time, including any work started ahead of schedule.
Actual Cost (AC)
a metric used to determine if tasks within a project use up more or less of the budget assigned to that project
Cost Performance Index
what is the schedules progress? or how much of the work is being completed? These are questionnaire example of what?
Work performance data
This includes. Cost performance, money spent. and schedule performance
Work performance information
Schedule and Cost Analysis
The work completed vs. the time or cost of work to be done
A estimate of the progress of a project and the basis for cost analysis, including any work started ahead of schedule.
Earned Value (EV)
a measure of the conformance of actual progress (earned value) to the planned progress
Schedule Performance Index
When you're analyzing and managing cost, the project manager can influence and manage changes related to cost. What is this called?
Controlling cost
A document used to adjust the project which can outturn how we control the cost. Is called what?
Change request
To-complete
The work needed from resources to reach the cost goal and their deadline
Total the value of each project activity scheduled for completion at a specific point in time.
$60,000
Planned Value Calculation/Amount
the difference between the percentage of work completed versus the percentage expected to be completed by a particular date.
Schedule Variance
Project Mangement, Work performance data, Project funding requirements, and organizational are all examples of ?
Control Cost inputs
this is an estimation of cost relating to how much the project or products will cost Is called what?
Cost forecast
TOTAL ALL THE PROJECTS COSTS AT A SPECIFIC POINT IN TIME:
$80,000
This is an example of whhat
Actual cost calculation / amount
What term do these formulas belong to? 1.(CPI = EV / AC ) 2.(SPI = EV / PV)
1.cost performance index
2.Schedule Performance Index