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# Project Management Professionals Hot Topics &amp; Challenges - Cost Management

Project Management Professionals Hot Topics &amp; Challenges - Cost Management . Presenter: Sohel Akhter , PMP, CCNA,ISMS PMP and Six Sigma instructor, Netcom Learning Adjunct Professor , MBA program, CUNY. Project Management Professionals Hot Topics &amp; Challenges - Cost Management . 1. PV

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## Project Management Professionals Hot Topics &amp; Challenges - Cost Management

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1. Project Management ProfessionalsHot Topics & Challenges - Cost Management Presenter: SohelAkhter, PMP, CCNA,ISMS PMP and Six Sigma instructor, Netcom Learning Adjunct Professor , MBA program, CUNY

2. Project Management ProfessionalsHot Topics & Challenges - Cost Management 1. PV 2. EV 3. AC Variance Formulas: 4. SV = EV – PV 5. CV = EV - AC Index Formulas: 6. SPI =EV/PV 7. CPI = EV/AC Forecasting Formulas: 8. BAC 9. EAC = BAC/CPI 10. ETC = EAC - AC 11. VAC = BAC - EAC 12. TCPI = (BAC – EV) / (BAC – AC) or (BAC – EV)/ (EAC – AC)

3. Project Management ProfessionalsHot Topics & Challenges - Cost Management New Name Old Name

4. Project Cost Management – Formula

5. Project Management ProfessionalsHot Topics & Challenges - Cost Management

6. Project Management Professionals Hot Topics & Challenges - Cost Management You have a project to build a new fence. The fence is four sided as shown. Each side is to take one day to build and is budgeted for #1000 per side. The sides are planned to be completed one after another. Today is the end of day three. Using the project status chart below calculate the formulas. 3000 2500 2800 4000 -300 .893 -500 .833 4479 1679 -479 1.25

7. Project Management ProfessionalsHot Topics & Challenges- Cost Management You have a project to build a new fence. The fence is four sided as shown. Each side is to take one day to build and is budgeted for \$1000 per side. The sides are planned to be completed one after another. Today is the end of day three. In this case, assume that the sides have a finish-to-finish relationship instead of a finish-to-start relationship. Using the project status chart below calculate the formulas. 3000 3250 3200 4000 50 1.016 250 1.083 3937 Key S= Actual Start, F = Actual Finish, PS = Planned Start, PF = Planned Finish 737 63 .937

8. Project Management ProfessionalsHot Topics & Challenges - Cost Management Your project is running well. In the latest earned value report, you see the CPI=1.2, the SPI= 0.8, the PV= \$600,000 and the SV = -\$120,000. You can’t find the CV in the report, so you calculate it based on the info given. What is the CV? Key S= Actual Start, F = Actual Finish, PS = Planned Start, PF = Planned Finish

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