M5.3 Integrated Cost & Schedule Performance

1. Practical outcomeThe learner should be able to connect authorised scope, time-phased budget, evidence of accomplishment and incurred cost at a common cut-off. They should calculate and interpret basic Earned Value Management measures, reconcile them to source records, distinguish cost efficiency…

A parameter of [[Earned Value Analysis]]. The ratio of actual performance to planned performance. It is generated by taking the sum of the budgets of those activities (or milestones) completed by the data date (Budgeted Cost for Work Performed {BCWS} or Earned Value {EV}) and dividing by the sum of

A technique that compares the budgeted project costs, actual project costs and value of the work achieved to determine, inter alia, the status of the project, the likely completion of the project and the out-turn cost of the project. Often also refered to as Earned Value Managment (EVM)