SAB_#70_Control_Costs_OK

SAB_#70_Control_Costs_OK

1. Project funding requerimetns

2. Project Managment Plan

3. Work performance data

4. Organizational process assets (OPA's)

5. Earned value management (EVM)

   • When you use these formulas you are measurin and analyzing how far off your project is from your plan. PV (Planned Value), EV (Earned Value), AC (Actual Cost), SV (Schedule Variance), CV (Cost Variance), SPI (Schedule Performance Index) , CPI (Cost Performance Index)

6. To-complete performance index (TCPI)

   • Is a calculation that you can use to help you figure out how well your projet needs to perform in the future in order to stay on budget

7. Performance reviews

   • There are two important calculations, Schedule Variance (SV) and Schedule Performance (SPI), that give you valuable information about how your project is doing

8. Project management software

   • This is software like Microsoft Project That helps you organize and analize all of information you need to evaluate the schedule of any project

9. Reserve analysis

   • Analyzing wheter those contigency reserves are still necessary or whether new reserves are required

10. Forecasting

    • Uses some earned value numbers to help you come up with preventive and corrective actions that can keep your project on right track

11. Work performance Information

12. Update Project Management Plan

13. Cost Forecast (EAC)

14. Change request

15. Update your proyect documents

16. Update OPA's

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