FSUProject Management Ch 7

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Can you name the Project Management Chapter 7?

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controlling changes to the project budget
a time-phased budget that project managers use to measure and monitor cost performance
a cost estimate used to allocate money into an organization’s budget
the ratio of earned value to actual cost; can be used to estimate the projected cost to complete the project
costs or benefits that can be easily measured in dollars
costs or benefits that are difficult to measure in monetary terms
allocating the overall cost estimate to individual work items to establish a baseline for measuring performance
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dollars included in a cost estimate to allow for future situations that may be partially planned for (sometimes called contingency reserves) and are included in the project cost ba
dollars included in a cost estimate to mitigate cost risk by allowing for future situations that are difficult to predict
costs that can be directly related to producing the products and services of the project
dollars included in a cost estimate to allow for future situations that may be partially planned for (sometimes called known unknowns) and are included in the project cost baseline
money that has been spent in the past
a method for determining the estimated annual costs and benefits for a project
a cost-estimating technique that uses project characteristics (parameters) in a mathematical model to estimate project costs
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a cost estimating technique that uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project, also called analogous estimates
the earned value minus the planned value
a cost estimating technique that uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project, also called top-down estimates
revenues minus expenses
the processes required to ensure that the project is completed within the approved budget
a theory that states that when many items are produced repetitively, the unit cost of those items normally decreases in a regular pattern as more units are produced
a project performance measurement technique that integrates scope, time, and cost data
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developing an approximation or estimate of the costs of the resources needed to complete the project
costs that are not directly related to the products or services of the project, but are indirectly related to performing the project
the ratio between revenues and profits
an estimate of what it will cost to complete the project based on performance to date
an estimate of the value of the physical work actually completed
a document that describes how cost variances will be managed on the project
the total of direct and indirect costs incurred in accomplishing work on an activity during a given time period
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the original project plan plus approved changes
dollars included in a cost estimate to allow for suture situations that are unpredictable (sometime called management reserves)
considers the total cost of ownership, or development plus support costs, for a project
a cost estimating technique based on estimating individual work items and summing them to get a project total
a cost estimate that provides an accurate estimate of project costs
the ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity
dollars included in a cost estimate to allow for suture situations that are unpredictable (sometime called unknown unknowns)
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the original total budget for a project
the additional percentage or dollar amount by which actual costs exceed estimates
a cost estimate prepared very early in the life of a project to provide a rough idea of what a project will cost
that portion of the approved total cost estimate planned to be spend on an activity during a given period
the ratio of earned value to planned value; can be used to estimate the projected time to complete a project
the earned value minus the actual cost

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