1.1 Here’s where you measure how your
project is doing compared to the plan.
2 TO-COMPLETE PERFORMANCE INDEX (TCPI)
2.1 Is a calculation that you can use to help you
figure out how well your project needs to
perform in the future in order to stay on budget.
3 PERFORMANCE REVIEWS
3.1 Reviews are meetings where the project
team reviews performance data to
examine the variance between actual
performance and the baseline.
4.1 Use the information you have about
the project right now to predict how
close it will come to its goals if it
keeps going the way it has been.
5 PROJECT MANAGEMENT SOFTWARE
5.1 You can use software packages to track
your budget and make it easier to know
where you might run into trouble.
6 RESERVE ANALYSIS
6.1 Throughout your project, you are looking at
how you are spending versus the amount of
reserve you’ve budgeted.
6.2 CONTINGENCY RESERVES
6.2.1 Are used for known risks and answer cost
6.3 MANAGEMENT RESERVES
6.3.1 A lump sum management reserve is used to
accomodate unknown or unidentified risks. This
is asigned by the sponsor.
7 DETERMINING RESOURCE COST RATES
7.1 Whe the Project includes plans to outsource
pieces of work, the estimate cost and plan
procurement management process impact each
other and require iterations as planning
progresses. Planning is iterative.
8 COST OF QUALITY
8.1 The cost of work added to the
Project to accommodate quality
9 GROUP DECISION MAKING
9.1 Involving team members in estimating
cost improves accuracy because they are
the ones most likely to understand what's
involved in the effort.
10 PROGRESS REPORTING
10.1 The PM can use information about Project progress to
help control the Schedule and costs and to assess whether
the Project is on track through earned value