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COST MANAGEMENT

Horizontales
f the SPI is below 1, then your project is______
This type of cost is before you get started on a project, it’s really useful to figure out how much you expect it to cost
You are working on a project with a PV of $56,733 and an SPI of 1.2. The Earned Value of your project is $68,079.60
This is the amount of money the project will return to the company that is funding it.
This ratio tells you how well your project must perform to stay on budget.
if you see a CPI under 1, your project is ____ budget
The calculation is a percentage of the Given amount of work ÷ Total amount of work
This is the first number you think of when you work on your project costs.
This cost tool is where you take your activity estimates and roll them up into control accounts on your Work Breakdown Structure.
This type of ratio is whether you’re within your budget or not
This ratio tells you whether you’re within your budget or not
You’re working on a project that has an EV of $7362 and a PV (BCWS) of $8232. True or False your SV is -870$?
When an organization has to choose between two projects, they are always giving up the money they would have made on the one they don’t do
It is true/false that CPI and SPI can’t be below zero
Verticales
This output of the determine budget process is a snapshot of the planned budget showing the performance of project costs
This type of cost is how much you’ve really spent so far on the project
This budget process is where all of the estimates are added up and baselined.
When you use information you have about the project right now to predict how close it will come to its goals if it keeps going the way it has been.
You are creating your Cost Performance Baseline. You are in the Cost _____process
How much of the project’s value you’ve really earned
This is the rate at which your project loses value over time.
This type of value is where you measure how your project is doing compared to the plan.
This is how much of your budget you planned on using so far
How much of the project’s value you’ve really earned
Your company has asked you to provide a cost estimate that includes maintenance, installation, support, and upkeep costs for as long as the product will be used. What is that kind of costing estimate is this
This type of variance is How much ahead or behind schedule you are
CPI and SPI can’t be below zero, because they’re ______
This is how much of your budget you planned on using so far.
This calculation helps you figure out how well your project needs to perform in the future in order to stay on budget.
This is the actual value at a given time of the project minus all of the costs associated with it.