Consider building a resource planning data warehouse

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Reference no: EM13697698

Consider building a Resource Planning Data Warehouse. This database could be an output of the Resource Planning Process, and the Staff Acquisition Process can and provide input for your cost estimating. Your Resource Planning Data Warehouse starts by referencing the WBS number. It can also include a resource schedule that identifies the planned start and finish date for the use of the resource. This database can be used for deliverables and assignments. Simply click on either one of the boxes to identify whether it is a deliverable or assignment then fill in the name and owner. The fields within each record could contain:

Units
Durations
Standard rate costing
Overtime rates
Cost per use for equipment
Total cost

Define these terms:
Important Terms

Analogous Estimation
Bottom-up estimation
Budget Estimate
Compound Interest
Definitive Estimate
Equipment
Extrapolation
Future Value
Internal Rate of Return
Kick-Off Meeting
Material
Net Present Value
Order of Magnitude Estimate
Parametric estimation
Resource
Resource Allocation Matrix
Resource Pool
Simple Interest
Trade-Offs

w6

Important Terms

Actual Cost (AC)
Baseline
Budgeted At Completion (BAC)
Earned Value (EV)
Planned Value (PV)
Contingency Reserve
Cost Budgeting
Cost Variance (CV)
Cost Variance Percent (CV%)
Cost/Schedule Performance Index
Direct labor costs
Earned value (EV)
Estimated At Completion (EAC)
Indirect costs (overhead costs)
Inventory or material costs
Life Cycle Costing
Management Reserve
Opportunity cost
Point of total assumption costs
Schedule Variance (SV)
Schedule Variance Percent (SV%)
Sunk costs
Variable costs

•Variance at Completion (VAC)

Reference no: EM13697698

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