[go: up one dir, main page]
Scribd
Upload
14 views2 pages

Topic 4 Scope Calculation Guide

The document outlines key aspects of Project Scope Management, focusing on cost estimation methods, such as Order of Magnitude Cost Estimates and Work Breakdown Structure (WBS). It provides formulas for calculating variance in scope control and answers common questions related to WBS and scope verification. Overall, it serves as a guide for managing project scope effectively through estimation and control techniques.

Uploaded by

cewinom874
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
14 views2 pages

Topic 4 Scope Calculation Guide

The document outlines key aspects of Project Scope Management, focusing on cost estimation methods, such as Order of Magnitude Cost Estimates and Work Breakdown Structure (WBS). It provides formulas for calculating variance in scope control and answers common questions related to WBS and scope verification. Overall, it serves as a guide for managing project scope effectively through estimation and control techniques.

Uploaded by

cewinom874
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Topic 4: Project Scope Management -

Calculation Guide & Key Questions


� Calculation Parts with Formulas & Explanations

1. Order of Magnitude Cost Estimates


➤Description:
Used early in the project to provide rough cost estimates.
These estimates help stakeholders decide whether to move forward.
They are usually expressed as a range (e.g., -25% to +75%).

➤Example:
If estimated cost = $100,000, range = $75,000 to $175,000.

2. Work Breakdown Structure (WBS) and Estimations


➤Description:
WBS breaks the project into manageable sections. While WBS has no direct formula, it
enables cost and time estimation for each task or deliverable.
➤Formula Used Post-WBS:
Total Estimated Cost = Σ (Cost of each WBS element)

3. Variance (Scope Control)


➤Formula:
Variance = Planned Value - Actual Performance
➤Explanation:
Used in scope control to track deviations.
➤Example:
If planned cost is $1000 and actual is $1200, then:
Variance = 1000 - 1200 = -200 (Over budget)

✅Top Questions and Answers

Q1. What is the purpose of a Work Breakdown Structure (WBS)?


A: It divides the project into manageable tasks, supporting planning, estimation, and scope
control.

Q2. What approaches can be used to develop a WBS?


A: Guidelines, Analogy, Top-down, Bottom-up, and Mind mapping.
Q3. What is a WBS Dictionary?
A: It provides details for each WBS element like scope, cost, time, and responsibility.

Q4. What is scope verification?


A: It involves inspecting deliverables to ensure they meet requirements and are accepted by
stakeholders.

Q5. Define and calculate variance in scope control.


A: Variance shows the difference between what was planned and what occurred.
Example:
Planned: $1500
Actual: $1300
Variance = 1500 - 1300 = 200 (Under budget)

You might also like