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Budget Planning - Coggle Diagram
Budget Planning
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Earned Value Formulas
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Variance at Completion (VAC)
BAC-EAC
At the end of the day, how close will we be to plan?
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Determine Budget
Remember Contingency items are for unplanned but required changes it is not to cover things such as:-Price escalation -Scope & Quality Changes
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Budgeting is allocating costs to work packages to establish a cost baseline to measure project performance
Project Cost Management
The processes involved in planning, estimating, budgeting, and controlling costs so that the budget can be completed within the approved budget
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