Extracts from Dr. Ginger Levin and J. LeRoy Ward - Schedule
Value engineering considers possible cost trade-offs as a design evolves. The technique entails identifying the functions that are needed and analyzing the cost effectiveness of the alternatives available for providing them. It helps optimize project life cycle costs, save time, increase profits, improve quality, increase market share, solve problems and contribute toward more effective resource use. Performance measurement baseline. The undistributed budget is applied to project work that has not yet been linked to WBS elements at or below the lowest level of reporting. It is, therefore, part of the performance measurement baseline and is expected to be used in the performance of project work. Code of accounts allocation provision Rules of earned value performance measurement are part of the cost management plan and may 1) define the points in the WBS where measurement of control accounts will be performed 2) establish the EV measurement techniques such ...