Control Costs by Sean Whitaker

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About the Lecture

The lecture Control Costs by Sean Whitaker is from the course PMP Training – Become a Project Management Professional (EN). It contains the following chapters:

  • Control Costs
  • Tools and Techniques
  • Formulas - Cost Variance
  • Non Cumulative CPI
  • Formulas - Estimate at Completion v3
  • Big Example
  • Answers

Included Quiz Questions

  1. Project management plan.
  2. Project charter.
  3. Risk register.
  4. Work performance information.
  1. $3,000
  2. -$3,000
  3. $5,000
  4. -$5,000
  1. -$5,000
  2. $5,000
  3. $3,000
  4. -$3,000
  1. Congratulate your project team on doing well with the project but also submit the information through the approved change control process so that any updates required can be made to the schedule baseline documents.
  2. Immediately begin fast tracking the schedule to catch up time.
  3. Ask your project sponsor for extra funds to crash the schedule to catch up time.
  4. Do nothing as everything is going well on your project and you are obviously a good project manager.
  1. 1.5
  2. 0.66
  3. 1.1
  4. 0.95
  1. 1.0
  2. 0.9
  3. 1.1
  4. 1.15
  1. $363,000
  2. $400,000
  3. $440,000
  4. $390,000
  1. $400,000
  2. $140,000
  3. -$140,000
  4. $130,000
  1. $260,000
  2. $250,000
  3. $150,000
  4. $350,000
  1. $253,110
  2. $350,090
  3. $340,000
  4. $263,110
  1. $60,000
  2. -$60,000
  3. $140,000
  4. $100,000
  1. -$50,000
  2. $50,000
  3. $150,000
  4. -$150,000
  1. Work performance data.
  2. Change requests.
  3. Work performance information.
  4. Cost forecasts.

Author of lecture Control Costs

 Sean Whitaker

Sean Whitaker


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