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Topic 7 (Control Costs (SPI=EV/PV, EAC=BAC/CPI, CPI=EV/AC, AC=Actual…

- - - - Variance determines
        
        Work reschedule
        
        Scope Change
        
        Fund limit adjust
      - Make sure cost is within amt that company is willing to spend
  - - - Total and periodic funding req from cost baseline
      - May not be evenly distributed
- - - - Expert Judgment
      - Data Analysis
        
        Alternate Analysis
        
        Way to get resources: Buy, rent, make, lease
      - Meetings
    - - Cost mgt plan
        
        Describe how cost is planned, structured, controlled
        
        Units of measurement
        
        Level of precision
        
        Level of accuracy
    - - Same Old
      - Charter
- - - - Same Old
      - Proj Doc
    - - Analogous Estimate
        
        Use when proj. detail info limited
        
        Quick and cheap; less accurate & done well only when experienced
        
        Top-down estimating
        
        Use cost and attributes of prev proj to estimate cost of proj now
      - Parametric Estimate
      - Bottom Up Estimate
      - Three Point Estimate
      - PMIS
      - Decision Making
      - Expert Judgment
    - - Cost estimates
      - Basis of Estimates
      - Proj. Doc. Estimates
  - - - Services
      - Materials
      - Facilities
      - Labor
      - Inflation
      - Equipment
    - - Variable: Cost that change with work amt
      - Fixed: Cost that don't change (rental)
      - Direct: Focus on current proj (materials)
      - Indirect: Benefit more than 1 proj