Question

In: Operations Management

Inputs to Estimate Costs include: Scope Baseline, Cost of Quality, Risk Register, OPAs Scope Baseline, Project...

Inputs to Estimate Costs include:

  1. Scope Baseline, Cost of Quality, Risk Register, OPAs
  1. Scope Baseline, Project Schedule, Risk Register, Cost Management Plan
  1. Risk Register, Cost Management Plan, Basis of Estimates, Scope Baseline
  1. Expert Judgement, Reserve Analysis, Analogous Estimating, Issue Log

Solutions

Expert Solution

The correct answer is B

The inputs to estimate cost ranges from scope baseline, project scheduling to cost management plan which will have all the resources pricing information related to human labor costs etc.


Related Solutions

Propose an initial risk register for constructing a Recreational Park Project. The risk register should contain...
Propose an initial risk register for constructing a Recreational Park Project. The risk register should contain a minimum of 10 risks. * Use a template of your choice for risk register.
The project budget baseline for XYZ is $3,500,000 with the following risks assessment: Risk Event Probability...
The project budget baseline for XYZ is $3,500,000 with the following risks assessment: Risk Event Probability Impact Expected Value Parts delayed in Customs 40% $100,000 Strong labor training equates to quick assembly 60% ($50,000) Heat sink assembly requires rework 85% $150,000 (source: Paul Martinsen, PMP)\ 3. Calculate the adjusted project budget baseline for XYZ project.
Discuss in detail what should a project manager do to prepare cost baseline.
Discuss in detail what should a project manager do to prepare cost baseline.
Discuss in more detail what should a project manager do to prepare cost baseline.
Discuss in more detail what should a project manager do to prepare cost baseline.
Prepare a sample risk register for a project to develop a self-driving (autonomous) automobile. Remember to...
Prepare a sample risk register for a project to develop a self-driving (autonomous) automobile. Remember to address mitigation strategies for each risk. Include 5-7 risks in your risk register. Plot the risks identified in Question 1 utilizing a risk management cube (from the Department of Defense Risk and Opportunity Management Guide) or one of the matrices discussed during the lecture. Explain where the responsibility for performing risk identification falls. Also, please describe the key activities associated with risk identification. For...
Glencor is evaluating four average-risk projects with the following costs and rates of return: Project Cost...
Glencor is evaluating four average-risk projects with the following costs and rates of return: Project Cost (R) Expected Rate of Return Project   Cost (R) Expected Rate of Return 1 2000 16% 2 3000 15% 3 0 13,75% 4 2000 12,50% The company estimates that it can issue debt at a rate of rd =10%, and its tax rate is 30%. It can issue preferred shares that pays a constant dividend of R5.00 per year at R49.00 per share. Also, its...
Describe COST OF QUALITY in detail? (Prevention Cost and other related Costs)
Describe COST OF QUALITY in detail? (Prevention Cost and other related Costs)
Which of the following is the cost of quality classification for costs, such as scrap or...
Which of the following is the cost of quality classification for costs, such as scrap or rework, that occur before a product is shipped to a customer? Group of answer choices A) Appraisal costs B) Prevention costs C) External failure costs D) Internal failure costs E) Rework and wastage PreviousNext
Explain how to estimate the cost of capital for a particular project, including the cost of...
Explain how to estimate the cost of capital for a particular project, including the cost of debt and/or the cost of equity. What makes debt or equity a better choice for a given project--or is a blend always preferable? Explain your reasoning using an example
Interim Quality Performance Reports Good quality cost management requires that quality costs be reported and controlled...
Interim Quality Performance Reports Good quality cost management requires that quality costs be reported and controlled (control having a cost reduction emphasis). Control enables managers to compare actual outcomes with standard outcomes to gauge performance and take any necessary corrective actions. The total quality management standard is the robust zero-defects standard. This standard requires that goods and services be produced that meet the targeted value of specified quality characteristics. Achieving zero defects typically requires years and so a variety of...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT