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The concepts and processes on how to perform project cost management according to PMBOK Guide 6th edition. You'll find key concepts and terms, plan cost management, estimate costs, determine budget, and control cost.
The concepts and processes on how to perform project cost management according to PMBOK Guide 6th edition. You'll find key concepts and terms, plan cost management, estimate costs, determine budget, and control cost.
The slides provides an overview on the planning phase of the project plan development. It also provides an introduction on the contents and forms of a project work plan
Part of a lecture series on fundamental project management concepts, the lecture presents an overview of project selection methods: scoring,benefit contribution, and economic models.
Successful projects require accurate cost estimates, discuss major estimating techniques with this content ready Project Cost Estimation Methods Powerpoint Presentation Slides. Incorporate easy to use project estimation methods PPT slides to monitor project spending. The project estimation techniques PowerPoint complete deck includes various professional slides such as project description, process, management team, budget, timeline, work break down structure, activities sequence, Gantt chart, cost estimate, progress summary, dashboard, budgeting planned vs. actual, conclusion report, etc. Utilize project management budget PowerPoint templates to forecast the cost of completing a project with a defined scope. Assess the financial feasibility of a project using visually appealing cost estimating tools PPT visuals. Furthermore, with the help of planning cost management PPT slides, you can forecast the resources and associated costs. The methods of project estimation presentation deck have eye-appealing designs with relevant content. Simply download this professionally designed project estimation techniques presentation deck to impress your audience. Draw in fresh customers with our Project Cost Estimation Methods Powerpoint Presentation Slides. Your earnings are bound to improve.
The slides provides an overview on the planning phase of the project plan development. It also provides an introduction on the contents and forms of a project work plan
Part of a lecture series on fundamental project management concepts, the lecture presents an overview of project selection methods: scoring,benefit contribution, and economic models.
Successful projects require accurate cost estimates, discuss major estimating techniques with this content ready Project Cost Estimation Methods Powerpoint Presentation Slides. Incorporate easy to use project estimation methods PPT slides to monitor project spending. The project estimation techniques PowerPoint complete deck includes various professional slides such as project description, process, management team, budget, timeline, work break down structure, activities sequence, Gantt chart, cost estimate, progress summary, dashboard, budgeting planned vs. actual, conclusion report, etc. Utilize project management budget PowerPoint templates to forecast the cost of completing a project with a defined scope. Assess the financial feasibility of a project using visually appealing cost estimating tools PPT visuals. Furthermore, with the help of planning cost management PPT slides, you can forecast the resources and associated costs. The methods of project estimation presentation deck have eye-appealing designs with relevant content. Simply download this professionally designed project estimation techniques presentation deck to impress your audience. Draw in fresh customers with our Project Cost Estimation Methods Powerpoint Presentation Slides. Your earnings are bound to improve.
An Alternate Approach to Cost and Schedule IntegrationAcumen
This paper discusses why the emerging 14 Point Schedule Assessment, developed by the Defense Contract Management Agency (DCMA), is fast becoming an established standard within the scheduling community across multiple industries.
Conveyor Belt Project Report using MS PROJECT by creating work package,deliverable, sub-deliverables and allocating resources to them. Analysis was done and suggestion was made for the overall imporvement
MBA 6951, Managing Complex Projects 1 Course Learning.docxaryan532920
MBA 6951, Managing Complex Projects 1
Course Learning Outcomes for Unit IV
Upon completion of this unit, students should be able to:
1. Determine the necessary elements of a resource requirements plan.
2. Outline the cost of activities in relation to the project budget.
3. Determine the earned value of work performed.
Reading Assignment
Chapter 6:
Resource Utilization
Chapter 7:
Determining Costs, Budget, and Earned Value
Unit Lesson
Estimating the Cost
There are several types of budgeting. Many organizations use a combination of the strategies, depending on
where they are in the life cycle of a project.
Analogous estimating (or top-down) is used when few details are known about a project. It is often used in
the early stages of a project and based on previous projects of a similar nature. For example, if a builder is
building homes in a subdivision that average $200,000 for a four-bedroom home, and $175,000 for a three-
bedroom home, an analogous estimate for a typical buyer of a four-bedroom home would be $200,000.
It is usually less accurate, but it is cheaper to produce analogous estimates. It is most reliable when previous
projects are very similar and the preparers have expertise in building estimates.
Bottom-up estimating is used when most of the details are known about a project. It is often used in the
later stages of a project. Typically, estimators, or the people who are doing the work, look at each activity and
estimate the cost of that activity. The costs are aggregated into an overall budget. For example, when that
same builder walks through a model home with a potential buyer and the buyer selects all of the fixtures,
lighting, floor coverings, and so on and identifies all of the requested options, he or she can build a much
more accurate budget. In most cases, this budget is much higher. That $200,000 could easily grow into a
$240,000 budget.
Bottom-up estimating is usually more reliable, but it costs more to produce because these estimates take
longer to create.
Fixed costs are costs that remain constant regardless of the duration of a project or scale of business
activity. For example, a purchase of a crane or computer system is the same cost regardless of the duration
of the project.
Variable costs are costs that vary with time or resource changes. For example, hourly labor costs are
dependent on the number of hours.
UNIT IV STUDY GUIDE
Planning, Performing, and
Controlling the Project—Part 3
MBA 6951, Managing Complex Projects 2
UNIT x STUDY GUIDE
Title
Resolving Resource Conflicts
A project manager (PM) can address resource conflicts in a variety of ways, but the first step is to realize
there is a conflict. If the project team builds a schedule using a scheduling tool like Microsoft Project, the PM
can run an overallocated resource report.
Once the overallocation is identified, there are several key strategies to address them: ...
Anoushiravan Ghamsari, known as Anoush Ghamsari is a brilliant architect, the way he uses his creativity to create phenomenal concepts is beyond this world.
Develop a network schedule for your project using either the arrow.docxkhenry4
Develop a network schedule for your project using either the arrow diagramming method or the precedence method. Also, your project schedule should illustrate float/slack for each activity.
Table 1.1. Project Tasks details
Activity
Predecessor
Anticipated Resources
Added Resources
Duration
Early start date
A (Retirement and social security benefits)
None
$126
$50
One year
1/1/2019
B (Audit & risk evaluation)
A
$118
$25
11 months
2/1/2019
C (Equipment Maintenance)
B
$121
$30
8 months
2/1/2019
D (Training & Development)
A, B
$109
$25
One year
1/2/2019
E (Logistics, appraisals & rewards)
D, C
$118
$30
One year
1/2/2019
Precedence Diagramming Method:
ES
Duration
EF
Activity Legend
LS
Float/slack
LF
LS= Late start Dependency
LF= Late Finish
ES= Early start
EF= Early finish
F= Float/Slack
08/09/2019
1 year 7 months
03/04/2021
Activity B Audit & Risk Evaluation
12/19/2020
2 months
Resources=$25
03/04/2021
07/25/2019
11 months
06/22/2020
Activity C Equipment & Maintenance
08/1/2019
4 months
Resources=$30
12/22/2020
12/27/2019
8 months
08/05//2020
Activity A Retirement & social security
Resources =$50
03/05/2020
3 days
03/8/2020
07/31/2019
2 months
09/23/2019
Activity E Logistics, Appraisals & Rewards
08/10/2019
2 days
Resources=$30
08/12/2019
03/22/2019
1 month
04/09/2019
Activity D Training & Development
03/22/19
5 days
Resources =$25
03/28/2019
5 Activities with 6 dependencies
Running head: EVM PAPER 1
EVM PAPER 1
EVM Paper
Mary Krenisky
Joe Scott
BUS 419
August 27, 2018
EVM Paper
In the current project, additional resources are added at in each work activity to complete the work packages in a quickly. The resources are added to these activities to reduce the slack that may originate if the project is accomplished based on planned resources only. An earned value analysis has to be performed to keep track of a project’s performance. This type of assessment gives a general review about the performance of a project along the chosen course. It has been noted that after adding more resources for the achievement of the ventures successfully, the slack time has been decreased and the work is going on faster than planned.
Earned value management is employed in different forms to determine the performance of the projects. By using this technique, the cost, schedule and, scope of the project are integrated that in turn aids the team of project administration to calculate and evaluate fulfillment and growth of the plan (Usmani, n.d.). The measurements of earned value are utilized by all managers of the projects. There are three main components of earned value management which are
• Actual cost
• Earned value
• Planned value
Planned value
It is the value of a task to be accomplished in a specified time. Overall planned value is known as ‘Budget at completion.’ Planned value also acts as a project’s baseline (Usmani, n.d.).
Actual cost
Actual cost denotes the quantity of money which is i.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
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PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
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The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
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Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
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Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
6. Factors Influencing the Quality of Estimates 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) People Quality of Estimates Project Duration Project Structure and Organization Padding Estimates Organization Culture Other (Nonproject) Factors Planning Horizon
7.
8.
9. Macro versus Micro Estimating 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) TABLE 5.1 Conditions for Preferring Top-Down or Bottom-Up Time and Cost Estimates Condition Macro Estimates Micro Estimates (Top-down) (Bottom-up) Strategic decision making X Cost and time important X High uncertainty X Internal, small project X Fixed-price contract X Customer wants details X Unstable scope X
10.
11.
12. Apportion Method of Allocating Costs Using the WBS 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) FIGURE 5.1
13. Simplified Basic Function Point Count Process for a Prospective Project or Deliverable 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) TABLE 5.2
14. Example: Function Point Count Method 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) TABLE 5.3
15.
16. SB45 Support Cost Estimate Worksheet 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) FIGURE 5.2
17. Phase Estimating over Product Life Cycle 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) FIGURE 5.3
18.
19.
20. Types of Costs Direct Costs Project Overhead Costs General & Administrative Overhead Costs 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson)
21.
22.
23.
24. Contract Bid Summary Costs 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) FIGURE 5.6 Direct costs $80,000 Direct overhead $20,000 G&A overhead (20%) $20,000 Profit (20%) $24,000 Total bid $144,000
25. Three Views of Cost 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) FIGURE 5.5
26.
27.
28.
29. Creating a Database for Estimating 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) FIGURE 5.7 Estimating Database Templates
30. Key Terms 10/01/07 SJSU - Bus. 286 David Bentley (Gray & Larson) Apportionment methods Bottom-up estimates Contingency funds Delphi method Direct costs Function points Interaction costs Learning curves Overhead costs Padding estimates Phase estimating Ratio methods Template method Time and cost databases Top-down estimates
