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By : Ahmed ZeinMBA E-BusinessEng_ahmedzein@yahoo.com
1. Cost Estimation .2. Determine Budget .3. Control Costs .
Outputs :Inputs :                    Techniques                         1.   Activity cost1. Scope baseline           1. E...
Technique:            Outputs :Inputs :            1. Cost               1. Cost baseline1. Activity cost    aggregation  ...
Outputs :Inputs :             Technique:        1. Work performance                                          measurements ...
Primary Data PointsBudget At Completion (BAC)PV = BAC * % of planned work.EV = BAC * % of Actual workAC is the actual cost
Problem: A project has a budget of £10M and schedule for 10 months. It isassumed that the total budget will be spent equal...
Pmi project cost managment
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Pmi project cost managment

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Transcript of "Pmi project cost managment"

  1. 1. By : Ahmed ZeinMBA E-BusinessEng_ahmedzein@yahoo.com
  2. 2. 1. Cost Estimation .2. Determine Budget .3. Control Costs .
  3. 3. Outputs :Inputs : Techniques 1. Activity cost1. Scope baseline 1. Expert Judgment estimates(scope 2. Analogous 2. Basis ofstatement+ wbs) estimation estimation2. Schedule 3. Vendor bid 3. project analysis document3.HR plan update 4.4. Risk register 5,6,7,8,95. E E F6. O P A 1000 $$ 50000 $$ 1500$ 3000 $$ 2000 $$
  4. 4. Technique: Outputs :Inputs : 1. Cost 1. Cost baseline1. Activity cost aggregation 2. Project fundingestimates 2. Reserve analysis requirements2. Basis of 3. Expert 3. Projectestimation . judgment document3. Scope baseline 4. Historical Update .4. schedule information5. Calendar 5. Funding limit6. Contracts reconciliation7. OPA
  5. 5. Outputs :Inputs : Technique: 1. Work performance measurements 1. Earned Value 2. Budget forecasts .1. Project ManagementManagement plan 3. Change request . 2.Forecasting2. Project funding 4. Project plan updaterequirements . 3. Performance review . 5. Project document3. Work updateperformance 4,5,6 6. Organizationalinformation process assets updates4. OPA
  6. 6. Primary Data PointsBudget At Completion (BAC)PV = BAC * % of planned work.EV = BAC * % of Actual workAC is the actual cost
  7. 7. Problem: A project has a budget of £10M and schedule for 10 months. It isassumed that the total budget will be spent equally each month until the 10thmonth is reached. After 2 months the project manager finds that only 5% ofthe work is finished and a total of £1M spent.PV = £2MEV = £10M * 0.05 = £0.5MAV = £1MCV = EV-AC = 0.5-1 = -0.5MSV = EV-PV = 0.5-2 = -1.5 monthsCPI = EV/AC = 0.5/1 = 0.5SPI = EV/PV = 0.5/2 = 0.25EAC = BAC/CPI = 10/0.5 = £20METC = (BAC-EV) / CPI = (10-0.5)/0.5 = £19MTTC= (BAC-EV) / SPI= (10-0.5)/0.25 = 38 MonthsThis project will take TOTAL £20M (19+1) and 40 (38+2) Months to complete.
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