What is a time-phased?
Time-phasing delays release of orders for components until they are needed and offsets the requirements by item lead time (lead time offset).
What is time-phased budget baseline?
Baseline budget is a time-phased plan which includes the estimates of all the direct and indirect costs. This can be used as a base for all future activities and also as a performance and project analysis tool. Baseline provides estimates of duration, revenue and spending.
Why is it necessary to have a time-phased budget baseline?
It allows time for considering reasonable options if resource constraints do exist. The project completion date can be established. Work packages can be time-phased. It allows managers to share resources with other project managers if it is requested without negatively impacting their project.
What is EAC estimate at completion?
In project management, Estimate at Completion (EAC) forecasts the project budget while the project is in progress. It factors in the Actual Cost of the project to date, as well as an estimate of remaining costs for a more dynamic picture of the project budget.
Which statements correctly describe a time constrained and a resource constrained project schedule?
Which statements correctly describe a time constrained and a resource constrained project schedule? Resource constrained projects are those in which resources are fixed. Time constrained projects work to an imposed deadline/completion date.
What is time phased forecasting?
The Time phased forecasting register allows you to time phase auto spread forecast remaining costs, which are based on cost curves, and start/end dates. You can also manually override specific months and change the distribution costs. For example: you have $250,000 to spend on a cost item (Forecast remaining cost).
What is time phased net requirement?
Time phased net requirement refers to the planning process. Time phased helps the company is planning for future demand, supply, and inventories on time. Time phased requirement method used in material processing planning.
What is the main function of a time phased budget?
Time-phased budgeting allows project managers to allocate costs for project activities over the anticipated timeline in which those expenditures are planned to take place.
What is EAC and etc?
EAC (Estimate at Completion) and ETC (Estimate to Complete) are two important dimensions of Earned Value Management. Estimate at Completion is the expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete.
What is EAC and Bac?
EAC = actual costs (AC) + budget at completion (BAC) – earned value (EV)
What happens to a time constrained schedule if executed with insufficient resources?
What happens to a time constrained schedule if executed with insufficient resources? The resource constrained schedule will be forced onto the plan.
What is meant by Time phased planning?
The planning process time-phases material requirements and expresses future demand, supply, and inventories by time period. Time-phasing delays release of orders for components until they are needed and offsets the requirements by item lead time (lead time offset).
What is Time Phased Plan?
A “time-phased” voting plan restricts the voting power of shareholders based on the length of time the shares have been held. These plans usually involve a recapitalization in which all shareholders at the time of the recapitalization receive multiple votes per share for their holdings.
What is the budget at completion?
Budget at Completion. The phrase budget at completion (often referred to as BAC) refers to the sum of all budget values that have been previously established for the work to be performed on a project, or on components within a project such as a schedule activity or work breakdown structure component.