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The value of project control is to provide information to aid decision making. Measuring data within 2 decimal places is not the objective
Good project management is at the core of EVM. EVM cannot be achieved without it, but good project management can be achieved without EVM!
If you want to know more about the basic steps to create an Earned Value Project Control system then review the link:ams-global.co.uk/papers_10.html
Project integrity reviews will help establish if the project is capable of delivering to time and cost and maximise successful delivery.
You can have good project management without good project control, but you can't have good project control without good project management.
if a project under estimates near term planning, when detailed plans should be in place, there's little hope the far term planning is better
A WBS provides a framework for estimating, schedule development and reporting, it is therefore important to obtain buy in from management
Top Tip: ensure that risk and impact have been taken into account when building the cost loaded programme schedule and estimate.
Top Tip: when resource loading a schedule ensure the allocation of resources is consistent with their availability.
Top Tip: Ensure the plan covers the Scope of Work required to deliver the user requirements. WBS should reference back to all requirements.
the nicest thing about not planning is failure comes as a complete surprise rather than being proceeded by a period of worry and depression
Planning is an unnatural process; it is much more fun to do something.
Phase 1: WBS is created around products, systems or deliverables. How do you eat an elephant? By breaking it into small bits.
Phase 1: b) defining a work breakdown structure (wbs) to define the basis of estimation, planning, cost control and reporting.
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