Welcome to Module Five of the Scope, Time, and Cost Management course.
In this module, we will review earned value management.
structure and then set up control accounts.
Then we learned about developing a project schedule.
Finally, in the last module, we discussed project cost management.
The differences between top down and bottoms up estimates.
Creating and defining project budgets.
At the end of the module, we learned to set up a project cost baseline.
In this module, we want to investigate earned value management.
baseline that we've developed and use them to monitor and control our project.
the project in terms of the plan.
It will tell us if we are ahead, behind, or on our schedule in cost plans.
describe the difference between planned value, earned value, and actual cost.
Describe cost and schedule performance indices.
Develop techniques for cost and schedule analysis.
And develop techniques for forecasting.
In the next lesson, we'll start to set up our monitoring and control systems.