Cost Control

Cost Control

1. Cost Management

   • Cost estimating
     • Cost accounting
       • Project cash flow
         • Company cash flow
           • Direct labor costing
             • Overhead rate costing

2. Purpose of Control

   • Comparison
     • Reports
       • Decision-Making

3. Operating Cycle

   • Work authorization and release
     • Cost data collection and reporting
       • Cost analysis
         • Reporting: customer and management

4. Budgets

   • Distributed budget
   • Management reserve
   • Undistributed budget
   • Contract changes

5. EVMS

   • is a systematic process that uses earned value as the primary tool for integrating cost, schedule, technical performance management, and risk management.
     • Benefits of EVMS
       • Accurate display of project status
         • Early and accurate identification of trends
           • Early and accurate identification of problems
             • Basis for course corrections

6. Variance And Earned Value

   • Variances permitted
     • Life-cycle phase
       • Length of life-cycle phase
         • Length of project
           • Type of estimate
             • Accuracy of estimate

7. Alumno: Javier Benavides de los Santos.

8. Materia: Ejecucion Efectiva de Proyectos