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Alpha Teach Yourself Project Management by Nancy Mingus

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HOUR 17
Monitoring Costs
CHAPTER SUMMARY
LESSON PLAN:
In this hour you will learn about ...
• Tracking project costs.
• Calculating earned value.
• Using earned value to determine project status.
• Calculating the cost of work remaining.
 
Because one of the major success measurements is completing a project within budget, it’s logical that one of the primary tools used to evaluate project progress considers project cost. In this Hour, we will look at how to track project costs and how to use them to determine progress.

TRACK PROJECT COSTS

Although many organizations don’t track project costs, there are three good reasons to do so. First, tracking costs can help you to keep within budget on the current project. Second, it can help you to keep ...

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