The budget for the project is 100,000 USD. Excelente material, obrigado por poder utilizar em pesquisa…Great guide, thanks for sharing! Do post a comment, and share your thoughts.makes perfect sense when you emphasize the adjustment rule which unfortunately I forgot to do in the second question.
It measures the cost efficiency of budgeted resources, expressed as a ratio of earned value to actual cost.
The ETC work is assumed to be performed at the same cumulative cost performance index (CPI) as that incurred by the project to date. The PMI logo and
The allocated budget for the project is R500,000; however, it has come to your attention that the initial cost estimation was flawed.
the answer says the CPI is 1. i am super confused. There are 5 people working on task one,,due to the nationwide transport strike they are performing at 100%,, 100%,, 80% ,,60% and 30% of their capacityTask 2 involves 100 hours per week of labour at R250 per hour for one consultant working at 100% of her capacityTask 3 involves three people each working 60 hours per week at 100% capacity and respectively earning R50,, R80,, R100 per hour 1.
Actual costs are primarily made up of a number of specific items including, but not limited to, cost in direct labor hours, direct costs alone, and also all costs including indirect costs.
This is what I told to Andy.Can you help me to understand how the “0.375” in the answer was calculated.You are a project manager who is in charge of an important project for your company. FV=CF [1-1/(1+r)n]/r + CF[1/(1+r)n] where n is the power of (1+r) , CF is the cash flowNeed your help in understanding the planned value (PV) with the example :With your above practical example in this article, it seems that PV = EV for the period already passed.Duration complete is 7 months out of 28 months = 25%Can you please let me know why project schedule is input for determine budget process. The term actual cost can also be referred to as actual costs of work performed (AWCP). Thanks!Can you please tell me how we can work out in this question ? The total Planned Value for the project is known as Budget at Completion (BAC). This blog post is the second blog post in a series of seven on Earned Value Management.These blog posts are in a particular sequence, and I request you to follow this order.
Blessings!!
Fahad?Yes, you are right Rantz, BAC is missing from the given question.
There are four broad phases in this project:You have to add cost of each module to get the cost of the project.Had a hard time understanding this before you made so simple….thanks a gazillion!
PMP Formula: Actual Cost Actual cost (AC) is the realized cost incurred for the work performed on an activity during a specific time period. Please keep writing!
you will be PMP certified. You’re saying that project team has been given a 25,000$ money to produce an application within 12 months. You are correct I should have stated this is BAC and not PV which is time phased baseline.
I do understand EV from theoretical discussions but in practical terms have some few questions.
However, I am still concerned about the actual cost as described in my previous post. The budget at completion is 120,000$.”I omitted (PV) from the earlier message. Please help me to understand if there is any difference.I appreciate any help you can provide and thank you for reading my message.Wow, I can’t thank you enough.
How is this possible?Yes it got me confusing. Consider a project to paint a room where the budget at completion (BAC) is $100. You are paid $10 per hour. Cheers!Paul – HUSH Project Management & Consulting LimitedRe-plan when S=P? The PMP exam, given by the Project Management Institute (PMI), is a standardized exam that is considered the gold standard for PMs worldwide.
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