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Managing the Budget

21 December, 2015 - 17:22
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LEARNING OBJECTIVES

  1. Describe methods to manage cash flow.
  2. Describe the terms and relationships of budget factors used in earned value analysis.
  3. Calculate and interpret budget and schedule variances.
  4. Calculate and interpret the schedule performance index and the cost performance index.
  5. Calculate and interpret estimates to complete the project.
  6. Calculate the revised final budget.

Projects seldom go according to plan in every detail. It is necessary for the project manager to be able to identify when costs are varying from the budget and to manage those variations.

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