Variance analysis

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…

1. Practical outcomeThe learner should be able to establish a valid comparison, calculate period and cumulative variance, analyse a time series, distinguish delivery deterioration from timing or data effects, find causes across discipline boundaries and test whether an intervention improves the…

1. Practical outcomeBy the end of this section, the learner should be able to use the approved cost baseline and the reliable current cost position established in M3.3 to determine where cost performance differs from plan, explain why it differs, judge whether the movement is temporary or…

1. Practical outcomeBy the end of this section, the learner should be able to turn an approved estimate and authorised project scope into a controlled cost budget and time-phased cost baseline that can be used to plan, measure and govern project cost performance. They should be able to allocate…

Progress Reporting Progress reporting is a key element of project management. Reports should be issued by the Project Manager and circulated to the stakeholders on a regular basis. The following people must be included on the circulation list: Project Sponsor Budget Holder Senior User(s) Team Member

The project planning / controls team must review [[schedule status]] and identify [[trends]] regularly. Critical and near-critical activities must be monitored very closely, and any delays to these activities must be scrutinized to understand the cause, predict further [[slippage]], and implement [[

A parameter of [[Earned Value Analysis]]. The difference between the [[Budgeted Cost]] of work carried out and the budgeted cost of work planned. The difference between the planned performance and actual performance. The difference between identical activities or milestones (typically the project co

Variance Reporting...

Performance Reporting...