Lecture # 06ahtshamnaseem.com/MSPM/Lectures/PCFM/6-Control Costs .pdf · 2015-10-18 · M.Shoaib...
Transcript of Lecture # 06ahtshamnaseem.com/MSPM/Lectures/PCFM/6-Control Costs .pdf · 2015-10-18 · M.Shoaib...
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To understand the basic terms of project Cost Control and related concepts. (PV,EV,AC, SV,CV)
To know the benefits of EVM (Earned Value Management)for assistance in Cost Control Process.
Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.
Lecture # 06
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Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.
Control Cost Process
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Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.
How to Control Project Cost
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Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.
Control Cost Process
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Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.
Control Cost Process-Inputs
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Elements of EVM
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Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.
PV and EV
Chart
EV
PV
BAC
AC
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Cos
t
Time (Date)
Planned Value: what your plan called for sending on the tasks planned to be completed by this date.
Today
Earned Value: value (cost) of what you have accomplished to date, per the base plan.
Actual Cost: what you have actually spent to this point in time.
EVM Analysis