Conducted By: Dr. Madhu Fernando, PMP, DBA, MEng. MGT PROJECT MANAGEMENT LESSON 7: PROJECT BUDGET: BUDGETING, COST CONTROL AND FORECAST 1

PROJECT BUDGET Project Budget is prepared by the project manager be aggregating cost of the activities to a total budget. The approved budget will provide the cost baseline for the project. Earned Value Technique is used to measure project cost performance, and estimate the project cost forecasts.

EARNED VALUE TECHNIQUE 3

EARNED VALUE TERMS

EARNED VALUE FORMULAS

EARNED VALUE CASE STUDY : HOW NASA APPLIES EARNED VALUE TECHNIQUE TO CONTROL COST