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Conducted By: Dr. Madhu Fernando, PMP, DBA, MEng. MGT 30725 PROJECT MANAGEMENT LESSON 7: PROJECT BUDGET: BUDGETING, COST CONTROL AND FORECAST 1.

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Presentation on theme: "Conducted By: Dr. Madhu Fernando, PMP, DBA, MEng. MGT 30725 PROJECT MANAGEMENT LESSON 7: PROJECT BUDGET: BUDGETING, COST CONTROL AND FORECAST 1."— Presentation transcript:

1 Conducted By: Dr. Madhu Fernando, PMP, DBA, MEng. MGT 30725 PROJECT MANAGEMENT LESSON 7: PROJECT BUDGET: BUDGETING, COST CONTROL AND FORECAST 1

2 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.

3 EARNED VALUE TECHNIQUE 3

4 EARNED VALUE TERMS

5 EARNED VALUE FORMULAS

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


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