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Cost Management Plan We will demonstrate several different tools and types of Cost Management Plans, why and

how we can use them to benefit our project. The projects estimate can be determined before, during and after in accordance with the scope of the project. We can use former historical data to determine an estimate and we can itemize the components as time allows. Labor, Material and Equipment: Our estimated labor costs were originally $1000 during planning. The estimated material and equipment at planning was 709.90. The duration is estimated to last 833 man hours. Our Bottup-up Actual Cost seems to have slipped a bit. It is now at $9875.00 for labor. We expect the materials to remain steady. Our Earned value will remain at $0 because the launch date determines any profits. Earned Value for cost of work actually performed (BCWP or EV): $0 Actual Costs for the week (ACWP or AC): $987.50 Cost Variance: (EV AC) : $987.50 Explanation and corrective action, if needed: None as of yet Earned Value for cost of work actually performed (BCWP or EV): $0 Budgeted cost of work scheduled (BCWS or PV): $1000 Schedule Variance: (EV PV) : $1000/ actually $0? Explanation and corrective action, if needed: None as of yet

Please see Excel Attachment:

Actual Costs for the week (ACWP or AC): $987.50 Cost Variance: (EV AC) : $987.50 Explanation and corrective action, if needed: None as of yet

Earned Value for cost of work actually performed (BCWP or EV): $0 Budgeted cost of work scheduled (BCWS or PV): $1000 Schedule Variance: (EV PV) : $1000/ actually $0? Explanation and corrective action, if needed: None as of yet

Please see Excel Attachment: Unit 4 Adjimah Young Chart.xlsx