Project Costs, Budget & Earned Value Management
Project cost management is primarily concerned with the cost of the resources needed to complete the tasks and activities in the project schedule. Once a budget exists, Earned Value Management (EVM) is how the PM checks that budget, and the schedule behind it, against reality — using the same three numbers to measure both.
Section 1The Cost Management Plan
Section 2Estimating
Lecture 2
Lecture 3Analogous Estimating
Lecture 4Units of Measure
Section 3Earned Value Management
Section 4Variances
Section 5Performance Indices
Section 6Forecasting the Outcome
Section 7Worked Example
Final Quiz
Actual % Complete, BAC, budget, Control thresholds, cost accounts, Cost estimating, Cost Management Plan, CPI, CV, EAC, Earned Value Management, Estimating, Forecasting, level of precision/accuracy, Performance Indices, performance measurement, SPI, SV, TCPI, To-Complete Performance Index, Units of measure, VAC, Variances, Work Packages
