Lesson on 3rd February

Hi all ,
we were learning cost management on 3rd february ,

do remember to try out Sep 2017 Question 2 at home. Its totally about cost management / estimation techniques

Sep 2017 A2

a) Describe the steps commonly used in estimating project effort by analogy.    (10 marks)
b) Describe any THREE disadvantages when attempting to estimate by expert judgement. (9 marks)
c) Describe any TWO productivity drivers you might consider when estimating the effort required to complete an IT project.  (6 marks)

Sep 2017 A3

a) Cost monitoring is used in project progress monitoring and control. In relation to project monitoring explain the following terms:
i) Planned Value (PV) (4 marks)
ii) Actual Cost (AC) (4 marks)
iii) Schedule Performance Indicator (SPI)  (4 marks)
iv) Earned Value (EV) (4 marks)

b) Explain the basic approach in using any function point analysis technique for measuring development project size. (9 marks)