SAB9#70_Control Costs

Salvador Rueda
Mind Map by Salvador Rueda, updated more than 1 year ago
Salvador Rueda
Created by Salvador Rueda about 4 years ago
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Mind Map on SAB9#70_Control Costs, created by Salvador Rueda on 02/25/2016.

Resource summary

SAB9#70_Control Costs

Annotations:

  • In the exam, assume that the project manager is measuring, measuring, measuring on the project 
1 It is all about knowing how you are doing compared to your plan and making adjustments when necessary
2 Project funding requirements
3 Project Management Plan
4 Work Performance Data
5 Orginizational Process Assets
6 Earned value management
7 Project Management Software
8 Reserve Analysis
9 To-complete performance index (TCPI)
10 Performance Reviews
10.1 Earned Value Management
10.1.1 Integrates COST, TIME and the WORK DONE
10.1.2 PV - Planned Value
10.1.3 EV - Erned Value
10.1.4 AC - Actual Cost (total cost)
10.1.5 BAC - Budget at Completion
10.1.6 EAC - Estimate at Completion
10.1.7 ETC - Estimate to Complete
10.1.8 VAC - Variance at Completion
10.1.9 Formulas
10.1.9.1 CV -Cost Variance EV - AC
10.1.9.2 SV - Schedule Variance EV - PV
10.1.9.3 CPI - Cost Performance Index EV/AC

Annotations:

  • The CPI is a cumulative because it is using costs to date. It could be written as CPI(c)=EV(c)/AC(c)
10.1.9.4 SPI - Schedule Performance Index EV/PV
10.1.9.5 EAC Estimate at Completion
10.1.9.5.1 AC + Bottom-up ETC
10.1.9.5.2 BAC/CPI
10.1.9.5.3 AC+(BAC-EV)
10.1.9.5.4 AC+(bac-EV)/CPI(c)XSPI(c))
10.1.9.6 TCPI - To-Complete Performance Index (BAC-EV)/(BAC-AC)
10.1.9.7 ETC - Estimate to Complete EAC-AC
10.1.9.8 VAC - Variance al Complietion BAC-EAC
11 Forecasting
12 Work Performance Information
12.1 CV - Cost Variance
12.2 SV - Schedule Variance
12.3 CPI - Cost Performance Index
12.4 SPI - Schedule Performance Index
12.5 TCPI - To-Complete Performance Index
12.6 EAC - Estimate to Complete
12.7 VAC - Variance al Complietion
13 Cost Forecast
14 Change request
15 Update Management Plan
16 Update Project Documents
17 Update OPA´s
18 Progess Reporting
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