Practice Standard for Earned Value Management, 2nd Edition

CHAPTER 6

ESTABLISH BUDGET

6.1 Introduction

Establish Budget is the process of converting external requirements and constraints, such as the project charter, resource availability, cost estimates, and scheduling limitations, into cost budget which supports the planned execution of the project. Inputs and outputs are provided in Figure 6-1.

6.2 Inputs

6.2.1 Project Charter

The project charter provides the high-level project requirements and high-level product or service description of the project.

6.2.2 Responsibility Assignment Matrix

The RAM integrates the work breakdown structure (WBS) and organizational breakdown structure (OBS) identifying ...