Cost control and earned value
Cost control and earned value that reconcile with the schedule.
Budgets, commitments, actuals and forecasts tied to the same work breakdown as the schedule, so the numbers agree.
In plain words
Cost control is the discipline of tracking a project's budget, commitments, actual costs and forecast at completion against a baseline. Earned value management (EVM) adds a measure of work done, so cost and schedule performance can be read together through indices such as CPI and SPI and an evidence-based estimate at completion (EAC).
The problem
When cost and schedule live in separate systems with separate structures, nobody can say whether a variance is a cost problem, a timing problem or a coding error. Forecasts drift toward the budget because that is the easiest number to defend.
What we do
Scope we take on.
- Cost breakdown structures aligned to the schedule WBS
- Budget, commitment and actuals tracking
- Earned value setup and period reporting (CPI, SPI, EAC, VAC)
- Forecast at completion reviews and trend analysis
- Change and contingency drawdown tracking
- Cash flow and spend profile forecasting
Similar work
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FAQ
Questions buyers ask
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