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Flashcards

Projectmanagement Skript 7 Übung 7

Lukas Berger Management erneuerbare Energien German 24 cards

Projectmanagement Skript 7 Übung 7

Cards in this deck (24)

  1. 1Cost Estimation, Budgeting & Project Control: Types of Costs:-Direct Vs. Indirect
     Recurring Vs. Nonrecurring
     Fixed Vs. Variable
     Normal Vs. Expedited
  2. 2Cost Estimation Ballpark (order of magnitude) ±30%
     Comparative ±15%
     Feasibility ±10%
     Definitive ±5%
  3. 3Creating a Project Budget The budget is...a plan
    that identifies the
    resources, goals and
    schedule that allows
    a firm to achieve
    those goals
  4. 4Activity-based costing (ABC) 4 steps:1. Assign costs to activities that use resources
    2. Identify cost drivers associated with this activity
    3. Compute a cost rate per cost driver unit or transaction
    4. Multiply the cost driver rate times the volume of cost
    driver units used by the project
  5. 5Budget Contingencies(unvorhergesehenes) are needed because:• Project scope may change
    • Murphy’s Law is present
    • Cost estimation must anticipate interaction costs
  6. 6The Project Control Cycle:The Project Control Cycle:
  7. 7The Project S-Curve: compares difference between budgeted costs and actual costs here 10.000$The Project S-Curve: compares difference between budgeted costs and actual costs here 10.000$
  8. 8Milestone Analysis Milestones are events or stages of the project that represent a significant accomplishment.Milestones..
    … signal the team and suppliers
    … can motivate the team
    … offer reevaluation points
    … help coordinate schedules
    … identify key review gates
    … delineate work packages
  9. 9Tracking Gantt ChartProject status is updated by
    linking task completion to the
    schedule baseline
  10. 10What characteristics are in Earned Value Management`?Costs
    Performance
    Schedule
  11. 115 Steps in Earned Value Management1. Clearly define each activity including its resource needs and budget
    2. Create usage schedules for activities and resources
    3. Develop a time-phased budget (PV)
    4. Total the actual costs of doing each task (AC)
    5. Calculate both the budget variance (CV) and schedule variance (SV)
  12. 12Earned Value ExampleEarned Value Example
  13. 13Earned Value Example Schedule VariancesPlanned Value (PV) = 38 = 15+10+10+3
    Earned Value (EV) = 30 = 15+8+6+1
    Schedule Performance Index = .79 = 30/38 = EV/PV
    Estimated Time to Completion = (1/.79)x4=5
  14. 14Cost VariancesActual Cost of Work Performed (AC) = 40 = 8+11+8+13
    Cost Performance Index = .75 = 30/40 = EV/AC
    Estimated Cost to Completion = 50.7 = (1/.75)x38
  15. 15Completion Values in EVMAccurate and up-to-date information is critical in the use of
    EVM
  16. 16What are the Human Factors in Project Evaluation & Control Optimistic progress reports
     Level of detail
     Process evaluation
     Non-technical performance measurement
  17. 1710 Critical Success Factors in the Project Implementation Profile1. Project mission
    2. Top management support
    3. Project plans & schedules
    4. Client consultation
    5. Personnel
    6. Technical tasks
    7. Client acceptance
    8. Monitoring & feedback
    9. Communication channels
    10. Troubleshooting
  18. 18Costs in a project There are four types of Cost on a project: Direct, Indirect, Fixed, and Variable. Please characterize them shortlydirect: price for computer
    Indirect: Electricity in office
    Fixed:Book cover price independent from how many books are sold
    Variable: the more i produce, the more it costs ex: the price for number of books
  19. 19Please characterize four techniques that You can use for estimating the costs of a projectAnalogous Estimate - Compare to a previous project.
    Parametric - Parameters around which the estimate is
    built.
    Bottom Up - Individuals items are estimated, then
    summed for the total cost.
    Computerized Tools - Individuals items are estimated,
    then summed for the total cost.
  20. 20What is meant by cost budgeting?involves the overall cost estimates to individual activities or work packages to establish
    a cost baseline for measuring project performance
  21. 21What is meant by cost control?controlling the costs by calculation the costs in each task to be done and specificly timed activities
  22. 22Describe the different Earned Value Data Variables?Describe the different Earned Value Data Variables?
  23. 23Describe the different Earned Value Index Variables?Describe the different Earned Value Index Variables?
  24. 24Describe the different Earned Value Variances?Describe the different Earned Value Variances?

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Description
Projectmanagement
Created by
Lukas Berger · Jul 2017
Updated
Jul 2, 2017
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