Integrated Cost & Schedule Control INF 337 Integrated Cost & Schedule Control Integrated Cost & Schedule Control For any project to become a success, strategic planning is essential to this success. This strategic planning consists of creating a work breakdown structure (WBS), the development of cost and schedule performance measurement baseline and the comprehension of […]
Article Review INF 337 Intergrated Cost & Schedule Control Article Review Earned value management (EVM) are techniques used in project management to monitor, control, and measure the schedule, the costs and the performance of a projects progress objectively for the duration of the project life cycle. Utilizing this concept compliments budget vs actual cost assigned
Week 3 Problem INF 337 Integrated Cost & Schedule Control During a project, Earned Value Analysis is performed and gives the following numbers: Earned Value (EV): 523,000 Planned Value (PV): 623,000 Actual Cost (AC): 643,000 To determine the Cost Variance, the formula is as follows: CV = EV – AC CV = 523,000 – 643,000