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School

Centennial College *

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724

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Information Systems

Date

Dec 6, 2023

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pdf

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2

Uploaded by DrFire10456

11/26/23, 10:22 AM Content and Activity Page https://e.centennialcollege.ca/d2l/le/content/1010885/fullscreen/12489830/View 1/2 Discover & Learn Week 8: Cost Estimation What inputs do you need to estimate project costs? Estimating Project costs involves developing an approximation of money required to complete the project work. To arrive at this approximation you must know the: Scope baseline Project schedule Human Resources plan Risk register Enterprise environmental factors (EFF) Organizational process assets (OPA) See the following graphic for a description of each of these inputs: Cost Estimation Inputs quiz Trouble viewing this page? Go to our diagnostics page to see what's wrong. CPTOLDEV 3YR Share Inputs Needed to Estimate Project Costs Scope baseline Defining the project scope, and managing to that scope as you progress through the project, has a direct relationship to the project's success. The Scope baseline is made up of: the scope statement the Work Breakdown Structure (WBS), and the WBS Dictionary Organizational process assets (OPA) Processes assets (created/archived) by an organization that may be used to ensure project success Processes, guidelines, and procedures.- organizational standard processes, standardized guidelines, templates. Corporate knowledge base.- lessons learned, historical information, past project files . (https://padlet.com?ref=embed) (https://app.readspeaker.com/cgi-bin/rsent?customerid=11151&url=https%3A%2F%2Fe.centennialcollege.ca%2Fcontent%2Fenforced%2F1010885-CSM-724702_2023F%2FWeek08%2FEstimate%2520Project%2520Costs.html&lang=en_us&readid=d2l_ Listen
11/26/23, 10:22 AM Content and Activity Page https://e.centennialcollege.ca/d2l/le/content/1010885/fullscreen/12489830/View 2/2 Complete the short review quiz below to your understanding of these inputs. The Scope baseline is made up of (choose all that are correct) : the Scope statement the Work Breakdown Structure (WBS) the WBS Dictionary the Cost Plan Check Reuse Readings Review any consideration of the PERT estimation technique you may have had in the Project Scheduling course. The technique is similar other than that Scheduling with PERT only considers the critical path(s).
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