Difference between revisions of "Introduction to project management/IPM103/Budget/Managing"

Revision as of 13:08, 21 September 2016

Reading

Accountant

Read the the section Managing the Budget in the prescribed textbook (Web | PDF), Chapter 12 (page 112 to 117 in the pdf version).

This section covers how to identify when costs are varying from the budget and how to manage those variations.

Earned Value Analysis - a method of periodically comparing the budgeted costs with the actual costs during the project.
Schedule Variance - the difference between planned and actual progress.
Estimated Cost to Complete the Project - a prediction, part way through the project, of how much money it will take to complete the unfinished activities.

(: What do we want as an activity here?)

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 <!--Budget Management-->
 {{IDevice|theme=line|type=reading|title=Reading|id=Reading|body=
-{{Note|Need an image}}
+[[File:Accountant-female.jpg|right|300px|thumb|Accountant]]Read the the section ''Managing the Budget'' in the {{:Introduction_to_project_management/Links/Textbook}}, Chapter 12 (page 112 to 117 in the pdf version).
-Read the the section ''Managing the Budget'' in the {{:Introduction_to_project_management/Links/Textbook}}, Chapter 12 (page 112 to 117 in the pdf version).
 This section covers how to identify when costs are varying from the budget and how to manage those variations.