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SAB9#70_Control Costs
Description
Mind Map on SAB9#70_Control Costs, created by Salvador Rueda on 25/02/2016.
Mind Map by
Salvador Rueda
, updated more than 1 year ago
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Salvador Rueda
over 8 years ago
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Resource summary
SAB9#70_Control Costs
Annotations:
In the exam, assume that the project manager is measuring, measuring, measuring on the project
It is all about knowing how you are doing compared to your plan and making adjustments when necessary
Project funding requirements
Project Management Plan
Work Performance Data
Orginizational Process Assets
Earned value management
Project Management Software
Reserve Analysis
To-complete performance index (TCPI)
Performance Reviews
Earned Value Management
Integrates COST, TIME and the WORK DONE
PV - Planned Value
EV - Erned Value
AC - Actual Cost (total cost)
BAC - Budget at Completion
EAC - Estimate at Completion
ETC - Estimate to Complete
VAC - Variance at Completion
Formulas
CV -Cost Variance EV - AC
SV - Schedule Variance EV - PV
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)
SPI - Schedule Performance Index EV/PV
EAC Estimate at Completion
AC + Bottom-up ETC
BAC/CPI
AC+(BAC-EV)
AC+(bac-EV)/CPI(c)XSPI(c))
TCPI - To-Complete Performance Index (BAC-EV)/(BAC-AC)
ETC - Estimate to Complete EAC-AC
VAC - Variance al Complietion BAC-EAC
Forecasting
Work Performance Information
CV - Cost Variance
SV - Schedule Variance
CPI - Cost Performance Index
SPI - Schedule Performance Index
TCPI - To-Complete Performance Index
EAC - Estimate to Complete
VAC - Variance al Complietion
Cost Forecast
Change request
Update Management Plan
Update Project Documents
Update OPA´s
Progess Reporting
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