Solution-Reporting project costs over time introduction

Reporting project costs over time introduction

Assignment Help Project Management

Reference no: EM132395988

Reporting Project Costs Over Time Introduction:

Once the activities have been outlined, it is easier to generate a baseline budget. In addition to generating an overall budget estimate, most project managers use checkpoints throughout the project to establish if accumulated expenses are on track and also if those expenses are in line with the earned value (EV) of the project at that checkpoint. The estimated cost of an activity is often broken down into Labor, materials, equipment, facilities, subcontractors, travel and a margin for contingencies (sometimes called 'reserve').

Directions: Describe how a project manager might accumulate and report costs to upper management for an ongoing project. Select at least 2 of the following terms in your post to describe. to-complete performance index (TCPI) planned value (PV) earned value (EV) actual cost (AC) cost variance (CV) cost performance index (CPI) estimate at completion (EAC) earned value management (EVM)

Reference no: EM132395988

Questions Cloud

What are characteristics of a successful project manager : Could you please compare and contrast Project Managers and Functional Managers. which role is more complex?

BUS5117 Strategic Decision Making and Management- Assignment : BUS 5117 Strategic Decision Making and Management Assignment Help and Solutions, University of the People, USA- Evaluate the four divisions using the Boston.

Suggest an approach to managing client expectations : Suggest an approach to managing client expectations in the highway project that might have resulted in meeting or exceeding expectations

Stakeholder prioritization matrix : Based on the project brief, examples from the book and your own interpretation, please identify as many stakeholders as possible. Rank their power

Reporting project costs over time introduction : Once the activities have been outlined, it is easier to generate a baseline budget. In addition to generating an overall budget estimate, most project managers

Controlling project costs : Using an example (real or imagined), describe two different tools or techniques that a project manager might use to control the budget in an ongoing project.

Why should you make assumptions in project management : Why should you make assumptions in project management? How can assumptions help define scope and risks for time and cost?

What are some examples of specific items : What are some examples of specific items (or tasks) that should be outlined in the scope in an IT project?

What does scope mean in project management : What does scope mean in project management? What does the scope describe in project management? Why is it important to understand the scope?

User Account

All Pages

Reporting project costs over time introduction

Reference no: EM132395988

Reference no: EM132395988

Questions Cloud

Reviews

Write a Review

Project Management Questions & Answers

Create a project schedule and align resources

Managerial roles and gap analysis

Questionaire on project management

Describe the market growth rate for product

Prepare a work plan and project schedule - gantt chart

Project risk management approach

Black-scholes options pricing model

Describe the features or characteristics of product

Write paper on inventory management system

Analysis of the overall project risk

Investment and performance analysis

Distribution strategy and project management

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT