Chapter 9: Budget and Resources

Question 1

C9 Budget and Resources: Terms and terminology

Answer 1

• Earned Value Analysis (EVA) - data analysis method to evaluate performance against the performance measurement baseline (scope, schedule, cost baselines)
• Earned Value Management (EVM) - практика управления scope/schedule/cost с использованием EVA для контроля проекта
• Benefits Management Plan - explains processes for creating, maximizing, and sustaining the benefits provided by a project or program.

Question 2

Aggregating cost to create a budget

Answer 2

Question 3

Formulas for Earned Value Analysis

Answer 3

Выучить хотя бы SV, CV, CPI, SPI и понимать их

• EV comes first во всех формулах
• Variance means subtract
• Index means division
• If the formula relates to cost, use AC
• If the formula relates to schedule, use PV
• For variances interpretation: Negative is bad :( and positive is good :)
• For indices interpretation: Greater than one is good :) and less than one is bad :(. This only applies to CPI&SPI ! The opposite is true for TCPI !

Question 4

Types of Cost

Answer 4

2 измерения

• Вариативность:
  
  • Variable costs - changes with the amount of production work (e.g. Materials, wages)
  • Fixed costs - do not change as production changes
• Отнесение к проекту
  
  • Direct costs - относятся к проекту (team wages, training, travel)
  • Indirect costs - бенефиты нескольким проектам (taxes, fringe benefits)