lecture # 06ahtshamnaseem.com/mspm/lectures/pcfm/6-control costs .pdf · 2015-10-18 · m.shoaib...

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

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.

Control Cost Process

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.

How to Control Project Cost

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.

Control Cost Process

Not for Sale , Print or Copy . Only for education inside the classroom. M.Shoaib Naqshbandi MSPM- Islamabad. 2015.

Control Cost Process-Inputs

Elements of EVM

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

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