Organizational
Requirements – summary of project control
| ACTION |
RESULT |
- Create a Baseline and Project Execution Plan
(PEP)
(see the lesson on Project Baselines)
|
(PV)
|
- Use Activity Based Cost (ABC) Accounting
(captures actual hours and expenditures)
|
(AC) |
- The Project Team provides information
on milestones completed.
(percent complete, number delivered)
|
(EV) |
|
|
(±30% to ±33%)
Stay within limits |
- The Past Predicts the Future
(use both SPI and CPI to calculate time and cost at the end of the project,
any time during the project)
|
(25
- 40% into the project,
predictions are accurate) |
|
|
Time is Money |
|
