Describe the project budgeting process

Assignment Help Project Management

Reference no: EM131904003

Question: 1. What is the problem with making cost estimates too conservative or too aggressive?

2. Describe the project budgeting process.

3. Define the following: TBC, CBC, CAC, CEV, CPI, CV, FCAC, and TCPI. How is each calculated?

4. Why is it necessary to track actual and committed costs once a project starts?

Reference no: EM131904003

Questions Cloud

Uses retained earnings as source of common equity : What is the firm's weighted average cost of capital (WACC1) if it uses retained earnings as its source of common equity?

Initial investment in fixed assets when evaluating project : What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project?

Develop a baseline budget for a project : Describe why it is necessary to develop a baseline budget for a project. List and describe items that should be included when estimating activity costs.

Company uses straight-line to zero depreciation : The company uses straight-line to zero depreciation. What is the aftertax salvage value of the equipment at year 5 if the tax rate is 30 percent?

Describe the project budgeting process : What is the problem with making cost estimates too conservative or too aggressive? Describe the project budgeting process.

Calculating a cost performance index : Give an example of calculating a cost performance index. What does it mean when the CPI is below 1.0? What does it mean when the CPI is above 1.0?

What is the key to managing cash flow : What does it mean when cost variance is negative? What does it mean when cost variance is positive? When evaluating a work package with a negative cost variance

Discuss problem on cost analysis tools : Search the Web for cost analysis tools. Provide a description of what you find. If possible, download a demo copy of a software package that provides some cost.

What needs to be done to manage risk on a project : Describe what needs to be done to manage risk on a project. When should this be done? How can a risk assessment matrix help in this process?

User Account

All Pages