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Earned Value Management - Coggle Diagram
Earned Value Management
1 Definition of Scope
WBS - Work breakdown Structure
assign work to the project organisation
Align and combile WBS an OBS on RAM - Responsibility Assignment Matrix
Activities
produce WBSD down to packaging and planning packages
Determin and agree flow down EVM into subcontracts
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Scenarios
2 Planning
milestone and deliverables
groupling activities into work packages and planning packages
Distribute budging
Distributed cost should amount to the Control account budget
you don't have to plan to the nth degree
Rolling wave planning
BASELINING THE PROJECT
Performance measure baseline (PMP)
3 Data collection
Measureing costs and committed costs
actual cost of work performed (ACWP)
labour costs
direct expenses
material costs
subcontractor costs for work done
Analysis, Review and Action
5 Change management
6 Risk Managmeent