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scordo Cost management

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rahul.kanugo
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scordo Cost management

Postby rahul.kanugo Sun Sep 24, 2017 8:14 am

I opted for B; but correct answer is C ; explanation marked in pmbok page 222. But it was about EAC rather ETC.

Please comment
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cost 9 answer C.PNG
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rahul.kanugo
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Re: scordo Cost management

Postby rahul.kanugo Sun Sep 24, 2017 8:15 am

Correction at Page 220 pmbok.......2 nd paragraph
manishpn
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Re: scordo Cost management

Postby manishpn Sun Sep 24, 2017 11:25 am

All other options are predictive methods based on assumptions you have made during the start of the project.
Situations change as we move ahead in project, we realize many new things which were probably not factored in during the start, if you really want to take into considerations all current situations a recalculations is mot effective, however since project cant always keep re planning all the time ( as it takes a lot of time and resources), option C is used only when initial planning was fundamentally flawed
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Manish P
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nazrulq
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Re: scordo Cost management

Postby nazrulq Sun Sep 24, 2017 8:30 pm

EAC = ETC (bottom up) +AC is the best way so that ; ETC = EAC -AC, in my opinion, should be best answer! W

Which is option A!
manishpn
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Re: scordo Cost management

Postby manishpn Sun Sep 24, 2017 9:16 pm

nazrulq wrote:EAC = ETC (bottom up) +AC is the best way so that ; ETC = EAC -AC, in my opinion, should be best answer! W

Which is option A!



ETC is not always bottom up,

I strongly recommend you to clear your concepts well wrt EVM
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Manish P
PMP, PMI - ACP, SAFe Agilist
http://www.izenbridge.com/blog/7-effect ... ification/
nazrulq
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Re: scordo Cost management

Postby nazrulq Mon Sep 25, 2017 3:12 am

Thanks Manish ! Yes it is understandable but the question does not clearly mention if the estimate is not valid or the performance will be done in as per planned way or nothing changed.

If the question does n't mention anything then ETC = BAC/CPI is that right!

Thanks!

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